$2,730 Closing Credit*
$229,900
1,069 SqFt
3 Beds
•1 Full Bath, 1 Partial
Ryan Village, Listing Office: Premiere Realty Group LLC
Is Allen Park, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Allen Park has remained a Seller's Market.
Key Takeaway
Allen Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allen Park, MI
How much do homes in Allen Park, MI cost?
Median Sold Price
$216,950
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$24,283(+12.6%)
Key Takeaway
Homes in Allen Park have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Allen Park was $216,950 in September 2024, up 12.6% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60.7K | $82.2K | +35.4% |
| 2 Bedrooms | $147.9K | $160K | +8.1% |
| 3 Bedrooms | $195K | $218K | +11.8% |
| 4 Bedrooms | $232.5K | $246.5K | +6.0% |
| 5+ Bedrooms | $295K | $325K | +10.2% |
Summary: Allen Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.4%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Dearborn | $225.7K | $257.3K | +14.0% |
| Allen Park | $192.6K | $216.9K | +12.6% |
| Southgate | $175K | $194.4K | +11.1% |
| Lincoln Park | $139.3K | $149.9K | +7.7% |
| Melvindale | $138K | $143.5K | +4.0% |
Housing Supply in Allen Park, MI
How many homes are available in Allen Park, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 91 | 79 | -13.2% |
Summary: The Allen Park real estate market had 79 homes for sale in September 2024, a 13.2% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 71 | 62 | -12.7% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Allen Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 41 | 25 | -39.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allen Park, you could pay more than the asking price. 52% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Allen Park in September 2024, down by 39.0% month-over-month. Of the 25 sold homes, 36% were sold under asking, 12% were sold at asking, and 52% were sold over asking.
Days on Market for Allen Park, MI
How long does it take to sell a home in Allen Park, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 28 Days | 13 Days | -53.8% |
Summary: Homes in Allen Park had an average of 13 days on market in Sep 2024, down by 53.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Allen Park are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 25 homes were sold in Allen Park; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.