Is Comstock Park, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Comstock Park is a seller's market

Buyer's
Market

Difference Since May 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

$307,500

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$22,000(+7.7%)

Key Takeaway

Homes in Comstock Park have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Comstock Park was $307,500 in May 2024, up 7.7% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $147.5K$154K
+4.4%
2 $225K$235K
+4.4%
3 $289.9K$305.7K
+5.4%
4 $330K$331K
0.3%
5+ $360K$377.5K
+4.9%

Summary: Comstock Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 4.9%.

Median Sold Price Compared To Nearby Cities

Alpine Township
+19.0%
Comstock Park
+7.7%
Belmont
+4.3%
Plainfield Charter Township
+3.9%
Algoma Township
-1.7%

Housing Supply in Comstock Park, MI

How many homes are available in Comstock Park, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2729+7.4%

Summary: The Comstock Park real estate market had 29 homes for sale in May 2024, a 7.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 46
+50.0%
3 1615
-6.3%
4 45
+25.0%
5+ 22
0.0%

Summary: The Comstock Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
810+25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Comstock Park, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Comstock Park in May 2024, up by 25.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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

May 2023May 2024CHANGE
33 Days9 Days-70.5%

Summary: Homes in Comstock Park had an average of 9 days on market in May 2024, down by 70.5% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 10 homes were sold in Comstock Park; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 13 Days Ago

Newest Listings in Comstock Park, MI

Nearby Markets to Comstock Park, MI

What housing markets are near Comstock Park, MI?