Is Walker, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Walker has remained a Seller's Market.
Housing Prices in Walker, MI
How much do homes in Walker, MI cost?
Median Sold Price
$325,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Walker was $325,000 in May 2024, up 10.2% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $246K | $160K | -35.0% |
2 Bedrooms | $226.7K | $264.9K | +16.8% |
3 Bedrooms | $300K | $324K | +8.0% |
4 Bedrooms | $325K | $371.4K | +14.3% |
5+ Bedrooms | $461.5K | $495K | +7.3% |
Summary: Walker housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
Alpine Township | $252K | $300K | +19.0% |
Wyoming | $235K | $260K | +10.6% |
Walker | $295K | $325K | +10.2% |
Grandville | $315K | $343.8K | +9.1% |
Grand Rapids | $275.1K | $300K | +9.0% |
Housing Supply in Walker, MI
How many homes are available in Walker, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 50 | +25.0% |
Summary: The Walker real estate market had 50 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Walker housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Walker in May 2024, up by 12.5% month-over-month. Of the 18 sold homes, 39% were sold under asking, 0% were sold at asking, and 61% were sold over asking.
Days on Market for Walker, MI
How long does it take to sell a home in Walker, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 8 Days | -47.4% |
Summary: Homes in Walker had an average of 8 days on market in May 2024, down by 47.4% compared to last year.
Breakdown of Home Sale Times
18 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, 18 homes were sold in Walker; 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.