Is Burton, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Burton has remained a Seller's Market.
Housing Prices in Burton, MI
How much do homes in Burton, MI cost?
Median Sold Price
$161,083
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Burton was $161,083 in February 2024, up 7.4% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $42.2K | $33K | -21.9% |
2 Bedrooms | $97.1K | $98.4K | +1.4% |
3 Bedrooms | $167.4K | $174.2K | +4.1% |
4 Bedrooms | $244.9K | $234.9K | -4.1% |
5+ Bedrooms | $140K | $150K | +7.1% |
Summary: Burton housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.9%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
Flint | $65K | $79.9K | +23.1% |
Genesee Charter Township | $140K | $159K | +13.6% |
Richfield Township | $220K | $247K | +12.3% |
Burton | $150K | $161K | +7.4% |
Davison Township | $241.6K | $239.9K | -0.7% |
Housing Supply in Burton, MI
How many homes are available in Burton, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
93 | 81 | -12.9% |
Summary: The Burton real estate market had 81 homes for sale in February 2024, a 12.9% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 23 | 24 | +4.3% |
3 Bedrooms | 55 | 45 | -18.2% |
4 Bedrooms | 13 | 9 | -30.8% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Burton housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
28 | 29 | +3.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Burton in February 2024, up by 3.6% month-over-month. Of the 29 sold homes, 38% were sold under asking, 28% were sold at asking, and 34% were sold over asking.
Days on Market for Burton, MI
How long does it take to sell a home in Burton, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
72 Days | 31 Days | -55.6% |
Summary: Homes in Burton had an average of 31 days on market in Feb 2024, down by 55.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 29 homes were sold in Burton; 55% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.