Is Center Line, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Center Line has remained a Seller's Market.
Housing Prices in Center Line, MI
How much do homes in Center Line, MI cost?
Median Sold Price
$175,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Center Line was $175,000 in June 2024, up 18.6% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $76.1K | - | N/A |
2 Bedrooms | $117.5K | $165K | +40.4% |
3 Bedrooms | $156.2K | $172K | +10.1% |
4 Bedrooms | $150K | $225.5K | +50.3% |
5+ Bedrooms | $208K | - | N/A |
Summary: Center Line housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.4%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 50.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Center Line | $147.5K | $175K | +18.6% |
Warren | $171.4K | $182.9K | +6.7% |
Housing Supply in Center Line, MI
How many homes are available in Center Line, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
23 | 21 | -8.7% |
Summary: The Center Line real estate market had 21 homes for sale in June 2024, a 8.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 16 | 14 | -12.5% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Center Line housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Center Line in June 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Center Line, MI
How long does it take to sell a home in Center Line, MI?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
16 Days | 16 Days | +3.6% |
Summary: Homes in Center Line had an average of 16 days on market in Jun 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 7 homes were sold in Center Line; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.