Is Finney, 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, Finney has remained a Seller's Market.
Key Takeaway
Finney is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Finney, MI
How much do homes in Finney, MI cost?
Median Sold Price
$116,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Finney have sold for 7% less than they did a year ago.
Summary: The median home sold price in Finney was $116,000 in May 2024, down 7% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $15K | $36.5K | +143.3% |
| 2 Bedrooms | $64K | $67.5K | +5.5% |
| 3 Bedrooms | $120K | $115K | -4.2% |
| 4 Bedrooms | $167K | $142.5K | -14.7% |
| 5+ Bedrooms | $156.5K | $157.5K | +0.6% |
Summary: Finney housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 143.3%, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Denby | $52.5K | $58K | +10.5% |
| East English Village | $178K | $182.5K | +2.5% |
| Finney | $124.7K | $116K | -7.0% |
| Morningside | $128.2K | $110K | -14.2% |
| Jefferson / Mack | $164.4K | $94K | -42.8% |
Housing Supply in Finney, MI
How many homes are available in Finney, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 140 | 149 | +6.4% |
Summary: The Finney real estate market had 149 homes for sale in May 2024, a 6.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 91 | 100 | +9.9% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Finney housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 32 | +23.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Finney, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Finney in May 2024, up by 23.1% month-over-month. Of the 32 sold homes, 53% were sold under asking, 16% were sold at asking, and 31% were sold over asking.
Days on Market for Finney, MI
How long does it take to sell a home in Finney, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 44 Days | -8.4% |
Summary: Homes in Finney had an average of 44 days on market in May 2024, down by 8.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Finney are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Finney; 50% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.