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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Douglas is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Douglas has remained a Seller's Market.

Key Takeaway

Douglas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Douglas, MI

How much do homes in Douglas, MI cost?

Median Sold Price

$399,900

$371/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$240,100(-37.5%)

Key Takeaway

Homes in Douglas have sold for 37.5% less than they did a month ago.

Summary: The median home sold price in Douglas was $399,900 in March 2024, down 37.5% from last month, and the median price per square foot was $371.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $461.5K$399.9K
-13.3%
3 $860K-
N/A
4 $795K-
N/A
5+ --
N/A

Summary: Douglas housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Douglas, MI

How many homes are available in Douglas, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
911+22.2%

Summary: The Douglas real estate market had 11 homes for sale in March 2024, a 22.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 54
-20.0%
3 22
0.0%
4 11
0.0%
5+ 13
+200.0%

Summary: The Douglas housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Douglas, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Douglas in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Douglas, MI

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

Average Sale Time

Feb 2024Mar 2024CHANGE
94 Days124 Days+30.9%

Summary: Homes in Douglas had an average of 124 days on market in Mar 2024, up by 30.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Douglas are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 3 homes were sold in Douglas; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 24 Days Ago

Newest Listings in Douglas, MI

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