Is Coldwater, 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, Coldwater has remained a Seller's Market.
Housing Prices in Coldwater, MI
How much do homes in Coldwater, MI cost?
Median Sold Price
$205,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Coldwater was $205,000 in April 2024, up 21.3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $135K | +12.5% |
2 Bedrooms | $150K | $151.2K | +0.8% |
3 Bedrooms | $169K | $207.5K | +22.8% |
4 Bedrooms | $191.9K | $260K | +35.5% |
5+ Bedrooms | $450K | $410.5K | -8.8% |
Summary: Coldwater housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 22.8%, 4 bedroom homes increased by 35.5%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Cities
Coldwater | $169K | $205K | +21.3% |
Coldwater Township | $182.5K | $205K | +12.3% |
Housing Supply in Coldwater, MI
How many homes are available in Coldwater, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 99 | 0.0% |
Summary: The Coldwater real estate market had 99 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 | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 47 | 45 | -4.3% |
4 Bedrooms | 22 | 23 | +4.5% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Coldwater 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 increased by 5.9%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 26 | +13.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Coldwater in April 2024, up by 13.0% month-over-month. Of the 26 sold homes, 65% were sold under asking, 27% were sold at asking, and 8% were sold over asking.
Days on Market for Coldwater, MI
How long does it take to sell a home in Coldwater, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
125 Days | 75 Days | -39.7% |
Summary: Homes in Coldwater had an average of 75 days on market in Apr 2024, down by 39.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Coldwater; 27% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.