Is Auburn, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Auburn is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Auburn has remained a Seller's Market.

Key Takeaway

Auburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Auburn, MI cost?

Median Sold Price

$145,500

$118/sqft

Based on all homes sold in August 2022.

Difference Since Last Month

+$16,000(+12.4%)

Key Takeaway

Homes in Auburn have sold for 12.4% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSJul 2022Aug 2022%
1 --
N/A
2 -$133K
N/A
3 $129.5K$158K
+22.0%
4 --
N/A
5+ --
N/A

How many homes are available in Auburn, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
46+50.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 22
0.0%
3 23
+50.0%
4 01
+100.0%
5+ 00
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Auburn, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Jul 2022Aug 2022%
7 Days2 Days-64.3%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Auburn are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Auburn, MI

Number of homes for sale in Auburn, MI real estate market have reached 6. Between July 2022 and August 2022, Auburn, MI real estate market has seen increase in the number of listings by 50%. In August 2022, listings were on the market for 2 days. During the same period, the median list price in this real estate market was $145,500. Between August 2021 and August 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 0%, prices of 3 bedrooms properties went up by 22%, 4 bedrooms properties prices increased by 0%, prices of 5 bedrooms properties increased by 0%. This housing market inventory have changed: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, 3 bedrooms homes became 50% more available, number of 4 bedrooms homes increased by 100%, the quantity of 5 bedrooms homes have not changed. Auburn, MI housing market in August 2022 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.