Is Center Line, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Center Line is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Center Line has remained a Seller's Market.

Key Takeaway

Center Line is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Center Line, MI cost?

Median Sold Price

$156,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$16,000(+11.4%)

Key Takeaway

Homes in Center Line have sold for 11.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 -$52.2K
N/A
2 $107.8K$125K
+16.0%
3 $145.5K$160.4K
+10.3%
4 $169.5K$142K
-16.2%
5+ $139.6K$251.1K
+79.8%

Median Sold Price Compared To Nearby Cities

Center Line
+11.4%
Warren
+10.8%

How many homes are available in Center Line, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
3537+5.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 46
+50.0%
3 2224
+9.1%
4 97
-22.2%
5+ 00
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
513+160.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Center Line, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
12 Days41 Days+233.1%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Center Line are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Center Line, MI

Homes for sale in Center Line, MI have reached 37. The number of listings in Center Line, MI increased by 5.7% between August 2022 and September 2022. In September 2022, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $156,000. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 16%, prices of 3 bedrooms properties went up by 10.3%, 4 bedrooms properties became 16.2% more cheaper, the cost of 5 bedrooms properties went up by 79.8%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went up by 50%, 3 bedrooms homes became 9.1% more available, number of 4 bedrooms homes decreased by 22.2%, 5 bedrooms homes inventory did not change. In September 2022 more than 3 listings in Center Line, MI were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 9 were sold below.

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