Is Davison, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Davison was a Seller's Market.
Housing Prices in Davison, MI
How much do homes in Davison, MI cost?
Median Sold Price
$175,000
$114/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Davison was $175,000 in April 2024, up 73.3% from last month, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $82K | $175K | +113.4% |
4 Bedrooms | $63.5K | $90K | +41.7% |
5+ Bedrooms | $150K | $178K | +18.7% |
Summary: Davison housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 113.4%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Neighborhoods
Davison | $101K | $175K | +73.3% |
Airport | $15K | $15K | 0.0% |
Housing Supply in Davison, MI
How many homes are available in Davison, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Summary: The Davison real estate market had 23 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Davison housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Davison in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 79 Days | +300.0% |
Summary: Homes in Davison had an average of 79 days on market in Apr 2024, up by 300% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Davison; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.