Is Boston-Edison, 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, Boston-Edison has remained a Seller's Market.
Key Takeaway
Boston-Edison is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boston-Edison, MI
How much do homes in Boston-Edison, MI cost?
Median Sold Price
$390,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Boston-Edison have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Boston-Edison was $390,000 in April 2024, up 11.4% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $445K | $365K | -18.0% |
| 4 Bedrooms | $362K | $359K | -0.8% |
| 5+ Bedrooms | $330K | $428K | +29.7% |
Summary: Boston-Edison 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 decreased by 18%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 29.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Boston-Edison | $350K | $390K | +11.4% |
| Durfee | $152.5K | $145K | -4.9% |
| Midtown | $155K | $131.7K | -15.0% |
| Middle Woodward | $250K | $212.5K | -15.0% |
Housing Supply in Boston-Edison, MI
How many homes are available in Boston-Edison, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 31 | +14.8% |
Summary: The Boston-Edison real estate market had 31 homes for sale in April 2024, a 14.8% 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 | 6 | 7 | +16.7% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The Boston-Edison 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 increased by 16.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boston-Edison, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Boston-Edison in April 2024, up by 600.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Boston-Edison, MI
How long does it take to sell a home in Boston-Edison, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 125 Days | 33 Days | -73.3% |
Summary: Homes in Boston-Edison had an average of 33 days on market in Apr 2024, down by 73.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Boston-Edison are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Boston-Edison; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
