Is Essexville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Essexville was a Neutral Market.
Housing Prices in Essexville, MI
How much do homes in Essexville, MI cost?
Median Sold Price
$136,000
$110/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Essexville was $136,000 in April 2024, down 27.3% from last month, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $49K | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $187.1K | $140K | -25.2% |
4 Bedrooms | - | $135K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Essexville 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 decreased by 25.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Hampton Charter Township | $187.1K | $190K | +1.5% |
Essexville | $187.1K | $136K | -27.3% |
Housing Supply in Essexville, MI
How many homes are available in Essexville, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 26 | +44.4% |
Summary: The Essexville real estate market had 26 homes for sale in April 2024, a 44.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Essexville 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 200%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 11 | +266.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Essexville in April 2024, up by 266.7% month-over-month. Of the 11 sold homes, 45% were sold under asking, 0% were sold at asking, and 55% were sold over asking.
Days on Market for Essexville, MI
How long does it take to sell a home in Essexville, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 65 Days | +185.7% |
Summary: Homes in Essexville had an average of 65 days on market in Apr 2024, up by 185.7% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Essexville; 45% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.