Is Burr Oak, 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, Burr Oak has remained a Seller's Market.
Housing Prices in Burr Oak, MI
How much do homes in Burr Oak, MI cost?
Median Sold Price
$130,000
$103/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Burr Oak was $130,000 in April 2024, down 22% from last month, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $240K | - | N/A |
3 Bedrooms | $100K | - | N/A |
4 Bedrooms | $166.7K | $130K | -22.0% |
5+ Bedrooms | - | - | N/A |
Summary: Burr Oak housing prices by bedroom type for April 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 did not change, 4 bedroom homes decreased by 22%, and 5+ bedroom homes did not change.
Housing Supply in Burr Oak, MI
How many homes are available in Burr Oak, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Summary: The Burr Oak real estate market had 4 homes for sale in April 2024, a 20.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 1 | 3 | +200.0% |
4 Bedrooms | 3 | 1 | -66.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Burr Oak 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 decreased by 100%, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Burr Oak in April 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Burr Oak, MI
How long does it take to sell a home in Burr Oak, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 Days | 86 Days | -16.3% |
Summary: Homes in Burr Oak had an average of 86 days on market in Apr 2024, down by 16.3% compared to last month.
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 April 2024, 1 homes were sold in Burr Oak; 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.