Is Davisburg, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Davisburg was a Seller's Market.
Housing Prices in Davisburg, MI
How much do homes in Davisburg, MI cost?
Median Sold Price
$402,500
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Davisburg was $402,500 in May 2024, down 0.1% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $335K | $253.7K | -24.3% |
3 Bedrooms | $375K | $419.9K | +12.0% |
4 Bedrooms | $470K | $402.5K | -14.4% |
5+ Bedrooms | $520K | $582.5K | +12.0% |
Summary: Davisburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.3%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Cities
Groveland Township | $381K | $432.5K | +13.5% |
Springfield Charter Township | $350K | $367.5K | +5.0% |
Rose Township | $350K | $359.9K | +2.8% |
Davisburg | $403K | $402.5K | -0.1% |
Clarkston | $398.6K | $385.3K | -3.3% |
Housing Supply in Davisburg, MI
How many homes are available in Davisburg, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 30 | +11.1% |
Summary: The Davisburg real estate market had 30 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 9 | 6 | -33.3% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Davisburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 4 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Davisburg in May 2024, down by 60.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Davisburg, MI
How long does it take to sell a home in Davisburg, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 5 Days | -62.5% |
Summary: Homes in Davisburg had an average of 5 days on market in May 2024, down by 62.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Davisburg; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.