Is Comstock Park, 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, Comstock Park has remained a Seller's Market.
Housing Prices in Comstock Park, MI
How much do homes in Comstock Park, MI cost?
Median Sold Price
$307,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Comstock Park was $307,000 in June 2024, up 7.7% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147.5K | $154K | +4.4% |
2 Bedrooms | $230K | $230K | 0.0% |
3 Bedrooms | $290K | $310K | +6.9% |
4 Bedrooms | $330K | $325K | -1.5% |
5+ Bedrooms | $365K | $360K | -1.4% |
Summary: Comstock Park housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
Alpine Township | $250K | $300K | +20.0% |
Comstock Park | $285K | $307K | +7.7% |
Belmont | $441K | $466K | +5.7% |
Plainfield Charter Township | $351.7K | $365K | +3.8% |
Algoma Township | $390K | $392.5K | +0.6% |
Housing Supply in Comstock Park, MI
How many homes are available in Comstock Park, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
31 | 31 | 0.0% |
Summary: The Comstock Park real estate market had 31 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 16 | 16 | 0.0% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Comstock Park housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Comstock Park in June 2024, up by 10.0% month-over-month. Of the 11 sold homes, 0% were sold under asking, 18% were sold at asking, and 82% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
64 Days | 8 Days | -87.1% |
Summary: Homes in Comstock Park had an average of 8 days on market in Jun 2024, down by 87.1% compared to last year.
Breakdown of Home Sale Times
10 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, 11 homes were sold in Comstock Park; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.