Is Metamora, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Metamora has remained a Seller's Market.
Housing Prices in Metamora, MI
How much do homes in Metamora, MI cost?
Median Sold Price
$362,500
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Metamora was $362,500 in May 2024, down 8.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $150K | N/A |
2 Bedrooms | $224K | $175K | -21.9% |
3 Bedrooms | $375K | $340K | -9.3% |
4 Bedrooms | $409.2K | $460K | +12.4% |
5+ Bedrooms | $595K | $674.9K | +13.4% |
Summary: Metamora housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.9%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Cities
Metamora Township | $397K | $365K | -8.1% |
Metamora | $397K | $362.5K | -8.7% |
Housing Supply in Metamora, MI
How many homes are available in Metamora, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 36 | +5.9% |
Summary: The Metamora real estate market had 36 homes for sale in May 2024, a 5.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 20 | 17 | -15.0% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Metamora 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 33.3%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 12 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Metamora in May 2024, up by 100.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.
Days on Market for Metamora, MI
How long does it take to sell a home in Metamora, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 22 Days | -12.2% |
Summary: Homes in Metamora had an average of 22 days on market in May 2024, down by 12.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Metamora; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.