Is Birch Hill Estates, 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, Birch Hill Estates was a Neutral Market.
Key Takeaway
Birch Hill Estates is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Birch Hill Estates, MI
How much do homes in Birch Hill Estates, MI cost?
Median Sold Price
$199,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Birch Hill Estates have sold for 18.1% more than they did a year ago.
Summary: The median home sold price in Birch Hill Estates was $199,000 in April 2024, up 18.1% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $141K | - | N/A |
| 3 Bedrooms | $170K | $189.9K | +11.7% |
| 4 Bedrooms | $175K | $216K | +23.4% |
| 5+ Bedrooms | - | $174K | N/A |
Summary: Birch Hill Estates 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 did not change, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Grandview Gardens | $82.3K | $107.5K | +30.6% |
| Birch Hill Estates | $168.4K | $199K | +18.1% |
Housing Supply in Birch Hill Estates, MI
How many homes are available in Birch Hill Estates, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Summary: The Birch Hill Estates real estate market had 4 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Birch Hill Estates 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Birch Hill Estates, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Birch Hill Estates in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Birch Hill Estates, MI
How long does it take to sell a home in Birch Hill Estates, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Birch Hill Estates are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Birch Hill Estates; 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.
