Is Linden, 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, Linden has remained a Seller's Market.
Key Takeaway
Linden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Linden, MI
How much do homes in Linden, MI cost?
Median Sold Price
$340,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Linden have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Linden was $340,000 in May 2024, up 6.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58K | $266.5K | +359.5% |
| 2 Bedrooms | $260K | $260K | 0.0% |
| 3 Bedrooms | $306K | $329K | +7.5% |
| 4 Bedrooms | $353.5K | $390K | +10.3% |
| 5+ Bedrooms | $405K | $697.5K | +72.2% |
Summary: Linden housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 359.5%, 2 bedroom homes did not change, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 72.2%.
Median Sold Price Compared To Nearby Cities
| Linden | $319.6K | $340K | +6.4% |
| Fenton Charter Township | $325K | $340.2K | +4.7% |
Housing Supply in Linden, MI
How many homes are available in Linden, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 93 | +19.2% |
Summary: The Linden real estate market had 93 homes for sale in May 2024, a 19.2% 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 | 6 | 10 | +66.7% |
| 3 Bedrooms | 44 | 45 | +2.3% |
| 4 Bedrooms | 24 | 32 | +33.3% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Linden 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 66.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Linden, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Linden in May 2024, down by 4.8% month-over-month. Of the 20 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Linden, MI
How long does it take to sell a home in Linden, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 36 Days | +23.7% |
Summary: Homes in Linden had an average of 36 days on market in May 2024, up by 23.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Linden are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Linden; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% 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.