Is Belknap Lookout, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Belknap Lookout has remained a Seller's Market.
Housing Prices in Belknap Lookout, MI
How much do homes in Belknap Lookout, MI cost?
Median Sold Price
$254,500
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Belknap Lookout was $254,500 in April 2024, up 15.4% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $235K | +11.9% |
2 Bedrooms | $216K | $345.7K | +60.1% |
3 Bedrooms | $225K | $234.9K | +4.4% |
4 Bedrooms | $240K | $247K | +2.9% |
5+ Bedrooms | $230K | - | N/A |
Summary: Belknap Lookout housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 60.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Heartside | $389.9K | $454K | +16.4% |
Midtown | $245K | $285K | +16.3% |
Belknap Lookout | $220.5K | $254.5K | +15.4% |
Heritage Hill | $325K | $318.9K | -1.9% |
Housing Supply in Belknap Lookout, MI
How many homes are available in Belknap Lookout, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 20 | -4.8% |
Summary: The Belknap Lookout real estate market had 20 homes for sale in April 2024, a 4.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 6 | 4 | -33.3% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Belknap Lookout housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Belknap Lookout in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Belknap Lookout, MI
How long does it take to sell a home in Belknap Lookout, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 15 Days | +212.0% |
Summary: Homes in Belknap Lookout had an average of 15 days on market in Apr 2024, up by 212% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Belknap Lookout; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.