Is Middleville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Middleville has remained a Seller's Market.
Key Takeaway
Middleville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middleville, MI
How much do homes in Middleville, MI cost?
Median Sold Price
$337,500
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Middleville have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Middleville was $337,500 in April 2024, up 5.5% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $665K | N/A |
| 2 Bedrooms | $315K | $295K | -6.3% |
| 3 Bedrooms | $297.2K | $315K | +6.0% |
| 4 Bedrooms | $340K | $344.9K | +1.5% |
| 5+ Bedrooms | $422.5K | $480K | +13.6% |
Summary: Middleville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Middleville | $319.9K | $337.5K | +5.5% |
| Thornapple Township | $322.8K | $327.4K | +1.4% |
Housing Supply in Middleville, MI
How many homes are available in Middleville, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 35 | 0.0% |
Summary: The Middleville real estate market had 35 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Middleville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
2 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 Middleville, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Middleville in April 2024, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Middleville, MI
How long does it take to sell a home in Middleville, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 6 Days | -79.2% |
Summary: Homes in Middleville had an average of 6 days on market in Apr 2024, down by 79.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middleville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Middleville; 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.
