Is Barton-McFarland, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Barton-McFarland was a Neutral Market.
Key Takeaway
Barton-McFarland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Barton-McFarland, MI
How much do homes in Barton-McFarland, MI cost?
Median Sold Price
$60,000
$54/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Barton-McFarland have sold for 29.7% more than they did a year ago.
Summary: The median home sold price in Barton-McFarland was $60,000 in April 2024, up 29.7% from last year, and the median price per square foot was $54.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $20K | $45.5K | +127.5% |
| 3 Bedrooms | $47.5K | $62.5K | +31.6% |
| 4 Bedrooms | $79.9K | $95K | +18.9% |
| 5+ Bedrooms | $86K | $124.9K | +45.2% |
Summary: Barton-McFarland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 127.5%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 45.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Barton-McFarland | $46.2K | $60K | +29.7% |
| West Central | $55K | $64K | +16.4% |
| Mackenzie | $53K | $60K | +13.2% |
Housing Supply in Barton-McFarland, MI
How many homes are available in Barton-McFarland, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 54 | +5.9% |
Summary: The Barton-McFarland real estate market had 54 homes for sale in April 2024, a 5.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 32 | 32 | 0.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Barton-McFarland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Barton-McFarland, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Barton-McFarland in April 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Barton-McFarland, MI
How long does it take to sell a home in Barton-McFarland, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Barton-McFarland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Barton-McFarland; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.