Is Comstock Park, 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, Comstock Park has remained a Seller's Market.
Key Takeaway
Comstock Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Comstock Park, MI
How much do homes in Comstock Park, MI cost?
Median Sold Price
$301,750
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Comstock Park have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Comstock Park was $301,750 in March 2024, up 5.2% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | $177K | +20.0% |
| 2 Bedrooms | $230K | $234.5K | +2.0% |
| 3 Bedrooms | $287.9K | $301.2K | +4.6% |
| 4 Bedrooms | $330K | $332.5K | +0.8% |
| 5+ Bedrooms | $365K | $360K | -1.4% |
Summary: Comstock Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Comstock Park | $286.9K | $301.7K | +5.2% |
| Plainfield Charter Township | $344K | $360.1K | +4.7% |
| Algoma Township | $399.9K | $400K | 0.0% |
| Belmont | $440.5K | $433K | -1.7% |
Housing Supply in Comstock Park, MI
How many homes are available in Comstock Park, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Summary: The Comstock Park real estate market had 17 homes for sale in March 2024, a 30.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Comstock Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Comstock Park, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Comstock Park in March 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Comstock Park, MI
How long does it take to sell a home in Comstock Park, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 1 Day | 176 Days | +17500.0% |
Summary: Homes in Comstock Park had an average of 176 days on market in Mar 2024, up by 17500% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Comstock Park are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in Comstock Park; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
