Is Linwood, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Linwood has remained a Seller's Market.
Housing Prices in Linwood, MI
How much do homes in Linwood, MI cost?
Median Sold Price
$155,750
$106/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Linwood was $155,750 in May 2024, down 63.8% from last month, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $60K | N/A |
3 Bedrooms | $393K | $166.5K | -57.6% |
4 Bedrooms | $468K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Linwood housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 57.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Garfield Township | $195K | $297.5K | +52.6% |
Beaver Township | $361.5K | $155K | -57.1% |
Linwood | $430.5K | $155.7K | -63.8% |
Housing Supply in Linwood, MI
How many homes are available in Linwood, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Summary: The Linwood real estate market had 9 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Linwood 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 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Linwood in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Linwood, MI
How long does it take to sell a home in Linwood, MI?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
125 Days | 13 Days | -89.6% |
Summary: Homes in Linwood had an average of 13 days on market in May 2024, down by 89.6% compared to last month.
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 Linwood; 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.