Is Dimondale, 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, Dimondale has remained a Seller's Market.
Housing Prices in Dimondale, MI
How much do homes in Dimondale, MI cost?
Median Sold Price
$295,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Dimondale was $295,000 in May 2024, up 5% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82.4K | - | N/A |
2 Bedrooms | $117.4K | $170K | +44.7% |
3 Bedrooms | $258.7K | $285.5K | +10.4% |
4 Bedrooms | $340K | $344.5K | +1.3% |
5+ Bedrooms | $407.5K | $375K | -8.0% |
Summary: Dimondale 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 increased by 44.7%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Cities
Dimondale | $280.9K | $295K | +5.0% |
Windsor Charter Township | $270.7K | $284K | +4.9% |
Housing Supply in Dimondale, MI
How many homes are available in Dimondale, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 20 | +81.8% |
Summary: The Dimondale real estate market had 20 homes for sale in May 2024, a 81.8% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 7 | 11 | +57.1% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Dimondale 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 remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Dimondale in May 2024, up by 200.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Dimondale, MI
How long does it take to sell a home in Dimondale, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 42 Days | +277.9% |
Summary: Homes in Dimondale had an average of 42 days on market in May 2024, up by 277.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Dimondale; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.