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 September 2023

At the same time last year, Denby was a Neutral 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

$60,000

$55/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$10,100(+20.2%)

Key Takeaway

Homes in Denby have sold for 20.2% more than they did a year ago.

Summary: The median home sold price in Denby was $60,000 in September 2024, up 20.2% from last year, and the median price per square foot was $55.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $85K-
N/A
2 $35K$45K
+28.6%
3 $50.5K$62K
+22.6%
4 $62.5K$95K
+52.0%
5+ $299.5K$104K
-65.3%

Summary: Denby housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 52%, and 5+ bedroom homes decreased by 65.3%.

Median Sold Price Compared To Nearby Neighborhoods

Denby
+20.2%
Upper East
+15.6%
East English Village
+2.1%
Finney
-11.8%
Morningside
-20.8%

Housing Supply in Denby, MI

How many homes are available in Denby, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
144164+13.9%

Summary: The Denby real estate market had 164 homes for sale in September 2024, a 13.9% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 2428
+16.7%
3 109123
+12.8%
4 911
+22.2%
5+ 11
0.0%

Summary: The Denby housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1721+23.5%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Denby in September 2024, up by 23.5% month-over-month. Of the 21 sold homes, 67% were sold under asking, 5% were sold at asking, and 29% were sold over asking.

Days on Market for Denby, MI

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

Average Sale Time

Sep 2023Sep 2024CHANGE
39 Days49 Days+25.6%

Summary: Homes in Denby had an average of 49 days on market in Sep 2024, up by 25.6% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 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 September 2024, 21 homes were sold in Denby; 52% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% 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 30 Days Ago

Newest Listings in Denby, MI

Nearby Markets to Denby, MI