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 May 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

$241,725

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$6,775(+2.9%)

Key Takeaway

Homes in Davison have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Davison was $241,725 in May 2024, up 2.9% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $102.5K$198K
+93.2%
2 $165K$200K
+21.2%
3 $227K$239.9K
+5.7%
4 $289.9K$301K
+3.8%
5+ $291.1K$349.9K
+20.2%

Summary: Davison housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.2%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 20.2%.

Median Sold Price Compared To Nearby Cities

Davison Township
+3.0%
Davison
+2.9%

Housing Supply in Davison, MI

How many homes are available in Davison, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
108118+9.3%

Summary: The Davison real estate market had 118 homes for sale in May 2024, a 9.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 916
+77.8%
3 5957
-3.4%
4 3237
+15.6%
5+ 77
0.0%

Summary: The Davison 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 77.8%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
3340+21.2%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

13 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. 35% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in Davison in May 2024, up by 21.2% month-over-month. Of the 40 sold homes, 35% were sold under asking, 33% were sold at asking, and 33% 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

May 2023May 2024CHANGE
21 Days19 Days-11.0%

Summary: Homes in Davison had an average of 19 days on market in May 2024, down by 11% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

8 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 May 2024, 40 homes were sold in Davison; 78% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 3% 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 20 Days Ago

Newest Listings in Davison, MI

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