Is Auburn Hills, 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 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
$268,750
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Auburn Hills have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Auburn Hills was $268,750 in March 2024, up 9.7% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.5K | $93.5K | +6.9% |
| 2 Bedrooms | $215K | $240K | +11.6% |
| 3 Bedrooms | $250K | $270K | +8.0% |
| 4 Bedrooms | $395K | $353K | -10.6% |
| 5+ Bedrooms | $260K | $335K | +28.8% |
Summary: Auburn Hills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 28.8%.
Median Sold Price Compared To Nearby Cities
| Pontiac | $120.9K | $134.9K | +11.6% |
| Auburn Hills | $245K | $268.7K | +9.7% |
| Rochester Hills | $395.2K | $412.6K | +4.4% |
| Oakland Charter Township | $598.5K | $595K | -0.6% |
| Orion Charter Township | $375K | $370.8K | -1.1% |
Housing Supply in Auburn Hills, MI
How many homes are available in Auburn Hills, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 56 | +16.7% |
Summary: The Auburn Hills real estate market had 56 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 19 | 20 | +5.3% |
| 3 Bedrooms | 15 | 26 | +73.3% |
| 4 Bedrooms | 12 | 7 | -41.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Auburn Hills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 73.3%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 20 | +81.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Auburn Hills, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Auburn Hills in March 2024, up by 81.8% month-over-month. Of the 20 sold homes, 25% were sold under asking, 15% were sold at asking, and 60% were sold over asking.
Days on Market for Auburn Hills, MI
How long does it take to sell a home in Auburn Hills, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 86 Days | 21 Days | -74.7% |
Summary: Homes in Auburn Hills had an average of 21 days on market in Mar 2024, down by 74.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 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 March 2024, 20 homes were sold in Auburn Hills; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% 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.