Is Dearborn Hills Manor, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Dearborn Hills Manor has remained a Seller's Market.
Key Takeaway
Dearborn Hills Manor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dearborn Hills Manor, MI
How much do homes in Dearborn Hills Manor, MI cost?
Median Sold Price
$82,500
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dearborn Hills Manor have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Dearborn Hills Manor was $82,500 in April 2024, down 2.9% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $70K | $64K | -8.6% |
| 3 Bedrooms | $81.9K | $81.2K | -0.9% |
| 4 Bedrooms | $120K | $148K | +23.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Dearborn Hills Manor housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes did not change.
Housing Supply in Dearborn Hills Manor, MI
How many homes are available in Dearborn Hills Manor, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The Dearborn Hills Manor real estate market had 10 homes for sale in April 2024, a 42.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Dearborn Hills Manor housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Dearborn Hills Manor, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Dearborn Hills Manor in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Dearborn Hills Manor, MI
How long does it take to sell a home in Dearborn Hills Manor, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dearborn Hills Manor are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Dearborn Hills Manor; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
