Is Scotts, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Scotts was a Seller's Market.
Housing Prices in Scotts, MI
How much do homes in Scotts, MI cost?
Median Sold Price
$326,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Scotts was $326,000 in May 2024, up 9.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $155K | N/A |
2 Bedrooms | $395K | $297.5K | -24.7% |
3 Bedrooms | $298K | $300.7K | +0.9% |
4 Bedrooms | $275K | $337.5K | +22.7% |
5+ Bedrooms | $814.9K | $441.2K | -45.9% |
Summary: Scotts 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 decreased by 24.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes decreased by 45.9%.
Median Sold Price Compared To Nearby Cities
Pavilion Township | $272.5K | $325K | +19.3% |
Climax Township | $224.9K | $251.2K | +11.7% |
Scotts | $298K | $326K | +9.4% |
Brady Township | $235.1K | $235.5K | 0.2% |
Housing Supply in Scotts, MI
How many homes are available in Scotts, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Summary: The Scotts real estate market had 10 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 | 1 | +100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Scotts housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Scotts in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Scotts, MI
How long does it take to sell a home in Scotts, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
1 Days | 67 Days | +4366.7% |
Summary: Homes in Scotts had an average of 67 days on market in May 2024, up by 4366.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Scotts; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.