Is Denby, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Denby was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60.5K | - | N/A |
2 Bedrooms | $33K | $38.5K | +16.7% |
3 Bedrooms | $52.5K | $57K | +8.6% |
4 Bedrooms | $81K | $60.5K | -25.3% |
5+ Bedrooms | $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 | $49.9K | $53.3K | +6.8% |
East English Village | $175K | $186.5K | +6.6% |
Denby | $51.7K | $55K | +6.3% |
Finney | $119.6K | $117K | -2.2% |
Morningside | $119K | $114K | -4.2% |
Housing Supply in Denby, MI
How many homes are available in Denby, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
138 | 150 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 25 | +19.0% |
3 Bedrooms | 106 | 113 | +6.6% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 0 | 1 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
23 | 16 | -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
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
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.