Is Coldwater, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Coldwater has remained a Seller's Market.
Housing Prices in Coldwater, MI
How much do homes in Coldwater, MI cost?
Median Sold Price
$205,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Coldwater was $205,000 in March 2024, up 24.2% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $124K | $95K | -23.4% |
2 Bedrooms | $150K | $153.2K | +2.2% |
3 Bedrooms | $169K | $205K | +21.3% |
4 Bedrooms | $197K | $260K | +32.0% |
5+ Bedrooms | $439.9K | $420.2K | -4.5% |
Summary: Coldwater housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.4%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 32%, and 5+ bedroom homes decreased by 4.5%.
Median Sold Price Compared To Nearby Cities
Coldwater | $165K | $205K | +24.2% |
Coldwater Township | $178.7K | $205K | +14.7% |
Housing Supply in Coldwater, MI
How many homes are available in Coldwater, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
92 | 102 | +10.9% |
Summary: The Coldwater real estate market had 102 homes for sale in March 2024, a 10.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 18 | 19 | +5.6% |
3 Bedrooms | 43 | 47 | +9.3% |
4 Bedrooms | 16 | 22 | +37.5% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Coldwater housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 21 | +61.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Coldwater in March 2024, up by 61.5% month-over-month. Of the 21 sold homes, 48% were sold under asking, 43% were sold at asking, and 10% were sold over asking.
Days on Market for Coldwater, MI
How long does it take to sell a home in Coldwater, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 63 Days | +87.0% |
Summary: Homes in Coldwater had an average of 63 days on market in Mar 2024, up by 87% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Coldwater; 43% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.