Is Auburn, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Auburn has remained a Seller's Market.
Housing Prices in Auburn, MI
How much do homes in Auburn, MI cost?
Median Sold Price
$193,250
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Auburn was $193,250 in March 2024, up 15.7% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $150K | $143.9K | -4.0% |
3 Bedrooms | $160.5K | $204.5K | +27.4% |
4 Bedrooms | $300K | $243.9K | -18.7% |
5+ Bedrooms | $231.2K | - | N/A |
Summary: Auburn housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 27.4%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes did not change.
Housing Supply in Auburn, MI
How many homes are available in Auburn, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Summary: The Auburn real estate market had 8 homes for sale in March 2024, a 100.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 0 | 3 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Auburn housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 2 | +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
Summary: A total of 2 homes were sold or pending in Auburn in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Auburn, MI
How long does it take to sell a home in Auburn, MI?
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
Summary: During March 2024, 2 homes were sold in Auburn; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.