Is Colon, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Colon was a Neutral Market.
Housing Prices in Colon, MI
How much do homes in Colon, MI cost?
Median Sold Price
$189,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Colon was $189,000 in March 2024, up 18.1% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $63.5K | - | N/A |
2 Bedrooms | $164K | $217.2K | +32.5% |
3 Bedrooms | $167.5K | $185K | +10.4% |
4 Bedrooms | $127.9K | $179.9K | +40.7% |
5+ Bedrooms | $164K | $275K | +67.7% |
Summary: Colon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.5%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 40.7%, and 5+ bedroom homes increased by 67.7%.
Median Sold Price Compared To Nearby Cities
Colon | $160K | $189K | +18.1% |
Colon Township | $170.2K | $194.5K | +14.2% |
Housing Supply in Colon, MI
How many homes are available in Colon, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Summary: The Colon real estate market had 11 homes for sale in March 2024, a 22.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Colon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Colon in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Colon, MI
How long does it take to sell a home in Colon, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Colon; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.