Is Davison, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$240,712
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Davison have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Davison was $240,712 in June 2024, up 2.4% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $140K | +36.6% |
| 2 Bedrooms | $170K | $190K | +11.8% |
| 3 Bedrooms | $232.4K | $239K | +2.8% |
| 4 Bedrooms | $289.9K | $304.9K | +5.2% |
| 5+ Bedrooms | $296.6K | $349.9K | +17.9% |
Summary: Davison housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.6%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 17.9%.
Median Sold Price Compared To Nearby Cities
| Davison Township | $235K | $240.9K | +2.5% |
| Davison | $235K | $240.7K | +2.4% |
Housing Supply in Davison, MI
How many homes are available in Davison, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 113 | 100 | -11.5% |
Summary: The Davison real estate market had 100 homes for sale in June 2024, a 11.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 55 | 41 | -25.5% |
| 4 Bedrooms | 36 | 30 | -16.7% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The Davison housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 25.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 38 | 24 | -36.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davison, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Davison in June 2024, down by 36.8% month-over-month. Of the 24 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 13 Days | 28 Days | +111.4% |
Summary: Homes in Davison had an average of 28 days on market in Jun 2024, up by 111.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Davison are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 24 homes were sold in Davison; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.