Is Denby, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Denby is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Denby was a Seller's Market.

Key Takeaway

Denby is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Denby, MI

How much do homes in Denby, MI cost?

Median Sold Price

$55,000

$53/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$3,250(+6.3%)

Key Takeaway

Homes in Denby have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Denby was $55,000 in February 2024, up 6.3% from last year, and the median price per square foot was $53.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $60.5K-
N/A
2 $33K$38.5K
+16.7%
3 $52.5K$57K
+8.6%
4 $81K$60.5K
-25.3%
5+ $100.3K$550K
+448.4%

Summary: Denby 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 16.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 25.3%, and 5+ bedroom homes increased by 448.4%.

Median Sold Price Compared To Nearby Neighborhoods

Upper East
+6.8%
East English Village
+6.6%
Denby
+6.3%
Finney
-2.2%
Morningside
-4.2%

Housing Supply in Denby, MI

How many homes are available in Denby, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
138150+8.7%

Summary: The Denby real estate market had 150 homes for sale in February 2024, a 8.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 2125
+19.0%
3 106113
+6.6%
4 1111
0.0%
5+ 01
+100.0%

Summary: The Denby 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 19%, 3 bedroom homes increased by 6.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2316-30.4%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Denby, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Denby in February 2024, down by 30.4% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Denby, MI

How long does it take to sell a home in Denby, MI?

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Denby are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 16 homes were sold in Denby; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% 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 27 Days Ago

Newest Listings in Denby, MI

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