Is Potterville, 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, Potterville has remained a Seller's Market.
Key Takeaway
Potterville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Potterville, MI
How much do homes in Potterville, MI cost?
Median Sold Price
$238,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Potterville have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Potterville was $238,500 in May 2024, up 2.4% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139.9K | $305K | +118.0% |
| 2 Bedrooms | $131.9K | $139K | +5.3% |
| 3 Bedrooms | $232.5K | $226K | -2.8% |
| 4 Bedrooms | $238K | $329.9K | +38.6% |
| 5+ Bedrooms | $258.5K | $385.6K | +49.2% |
Summary: Potterville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 118%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 38.6%, and 5+ bedroom homes increased by 49.2%.
Median Sold Price Compared To Nearby Cities
| Benton Township | $250.2K | $296.5K | +18.5% |
| Potterville | $233K | $238.5K | +2.4% |
Housing Supply in Potterville, MI
How many homes are available in Potterville, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Potterville real estate market had 14 homes for sale in May 2024, a 12.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Potterville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Potterville, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Potterville in May 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Potterville, MI
How long does it take to sell a home in Potterville, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 156 Days | 59 Days | -62.3% |
Summary: Homes in Potterville had an average of 59 days on market in May 2024, down by 62.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Potterville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Potterville; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.