Is Davison, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Davison is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Davison has remained a Seller's Market.

Key Takeaway

Davison is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Davison, MI

How much do homes in Davison, MI cost?

Median Sold Price

$247,200

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$12,250(+5.2%)

Key Takeaway

Homes in Davison have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in Davison was $247,200 in September 2024, up 5.2% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $198K$82K
-58.6%
2 $187.5K$184K
-1.9%
3 $228K$241K
+5.7%
4 $289.9K$308.3K
+6.4%
5+ $346.6K$463K
+33.5%

Summary: Davison housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.6%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 33.5%.

Median Sold Price Compared To Nearby Cities

Davison Township
+5.6%
Davison
+5.2%

Housing Supply in Davison, MI

How many homes are available in Davison, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
136125-8.1%

Summary: The Davison real estate market had 125 homes for sale in September 2024, a 8.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 2318
-21.7%
3 6974
+7.2%
4 3227
-15.6%
5+ 126
-50.0%

Summary: The Davison housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4528-37.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Davison, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Davison in September 2024, down by 37.8% month-over-month. Of the 28 sold homes, 46% were sold under asking, 18% were sold at asking, and 36% were sold over asking.

Days on Market for Davison, MI

How long does it take to sell a home in Davison, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
24 Days22 Days-5.8%

Summary: Homes in Davison had an average of 22 days on market in Sep 2024, down by 5.8% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 28 homes were sold in Davison; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% 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 30 Days Ago

Newest Listings in Davison, MI

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