Is Creston, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Creston has remained a Seller's Market.
Key Takeaway
Creston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Creston, MI
How much do homes in Creston, MI cost?
Median Sold Price
$272,168
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Creston have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Creston was $272,168 in April 2024, up 11.1% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $213K | +25.3% |
| 2 Bedrooms | $216.5K | $230.5K | +6.5% |
| 3 Bedrooms | $255K | $278.3K | +9.1% |
| 4 Bedrooms | $245K | $301.5K | +23.1% |
| 5+ Bedrooms | $345K | $314.5K | -8.8% |
Summary: Creston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.3%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Neighborhoods
| North East Citizens Action | $278.5K | $332K | +19.2% |
| West Grand | $225K | $250.7K | +11.4% |
| Creston | $245K | $272.1K | +11.1% |
Housing Supply in Creston, MI
How many homes are available in Creston, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 68 | +33.3% |
Summary: The Creston real estate market had 68 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 14 | +133.3% |
| 3 Bedrooms | 30 | 40 | +33.3% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Creston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 26 | +52.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Creston, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Creston in April 2024, up by 52.9% month-over-month. Of the 26 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for Creston, MI
How long does it take to sell a home in Creston, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 11 Days | +12.3% |
Summary: Homes in Creston had an average of 11 days on market in Apr 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Creston are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 26 homes were sold in Creston; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
