Is Davison, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Davison has remained a Seller's Market.
Housing Prices in Davison, MI
How much do homes in Davison, MI cost?
Median Sold Price
$239,900
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Davison was $239,900 in February 2024, up 12.1% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $198K | N/A |
2 Bedrooms | $125K | $190K | +52.0% |
3 Bedrooms | $190K | $240.3K | +26.5% |
4 Bedrooms | $256.5K | $289.9K | +13.0% |
5+ Bedrooms | $287.9K | $349.9K | +21.5% |
Summary: Davison housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 52%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 21.5%.
Median Sold Price Compared To Nearby Cities
Davison | $214K | $239.9K | +12.1% |
Davison Township | $241.6K | $239.9K | -0.7% |
Housing Supply in Davison, MI
How many homes are available in Davison, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
69 | 82 | +18.8% |
Summary: The Davison real estate market had 82 homes for sale in February 2024, a 18.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 13 | +62.5% |
3 Bedrooms | 39 | 43 | +10.3% |
4 Bedrooms | 16 | 22 | +37.5% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Davison housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
20 | 27 | +35.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Davison in February 2024, up by 35.0% month-over-month. Of the 27 sold homes, 33% were sold under asking, 19% were sold at asking, and 48% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
44 Days | 24 Days | -45.3% |
Summary: Homes in Davison had an average of 24 days on market in Feb 2024, down by 45.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 27 homes were sold in Davison; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.