Is Auburn Hills, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Auburn Hills has remained a Seller's Market.
Key Takeaway
Auburn Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Auburn Hills, MI
How much do homes in Auburn Hills, MI cost?
Median Sold Price
$271,777
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Auburn Hills have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Auburn Hills was $271,777 in November 2023, up 12.3% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.5K | $92.2K | +5.4% |
| 2 Bedrooms | $208K | $259.9K | +25.0% |
| 3 Bedrooms | $248K | $270K | +8.9% |
| 4 Bedrooms | $395K | $361K | -8.6% |
| 5+ Bedrooms | $260K | $335K | +28.8% |
Summary: Auburn Hills housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 28.8%.
Median Sold Price Compared To Nearby Cities
| Auburn Hills | $242K | $271.7K | +12.3% |
| Pontiac | $120K | $132.6K | +10.6% |
| Orion Charter Township | $353.7K | $371.9K | +5.1% |
| Rochester Hills | $395K | $399.2K | +1.1% |
| Oakland Charter Township | $603.7K | $592.5K | -1.9% |
Housing Supply in Auburn Hills, MI
How many homes are available in Auburn Hills, MI?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 51 | 60 | +17.6% |
Summary: The Auburn Hills real estate market had 60 homes for sale in November 2023, a 17.6% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 13 | 18 | +38.5% |
| 3 Bedrooms | 24 | 28 | +16.7% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Auburn Hills housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 38.5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Auburn Hills, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Auburn Hills in November 2023, down by 13.3% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for Auburn Hills, MI
How long does it take to sell a home in Auburn Hills, MI?
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Auburn Hills are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 13 homes were sold in Auburn Hills; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.