Is Evart, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Evart was a Buyer's Market.
Key Takeaway
Evart is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Evart, MI
How much do homes in Evart, MI cost?
Median Sold Price
$177,500
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Evart have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Evart was $177,500 in May 2024, up 9.9% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108K | $161.5K | +49.5% |
| 2 Bedrooms | $115K | $150K | +30.4% |
| 3 Bedrooms | $165K | $180K | +9.1% |
| 4 Bedrooms | $156.6K | $180K | +14.9% |
| 5+ Bedrooms | $445K | $237.5K | -46.6% |
Summary: Evart housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.5%, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 46.6%.
Median Sold Price Compared To Nearby Cities
| Evart Township | $159.5K | $177.5K | +11.3% |
| Evart | $161.5K | $177.5K | +9.9% |
Housing Supply in Evart, MI
How many homes are available in Evart, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 46 | +43.8% |
Summary: The Evart real estate market had 46 homes for sale in May 2024, a 43.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 15 | +50.0% |
| 3 Bedrooms | 13 | 18 | +38.5% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Evart 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 50%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Evart, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Evart in May 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Evart, MI
How long does it take to sell a home in Evart, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 20 Days | +3.6% |
Summary: Homes in Evart had an average of 20 days on market in May 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Evart are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Evart; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
