Is Durand, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Durand has remained a Seller's Market.
Key Takeaway
Durand is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Durand, MI
How much do homes in Durand, MI cost?
Median Sold Price
$160,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Durand have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Durand was $160,000 in March 2024, up 1.4% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $23K | - | N/A |
| 2 Bedrooms | $118K | $127.5K | +8.1% |
| 3 Bedrooms | $168.5K | $170K | +0.9% |
| 4 Bedrooms | $163.9K | $177K | +8.0% |
| 5+ Bedrooms | $154.9K | $190K | +22.6% |
Summary: Durand housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 22.6%.
Median Sold Price Compared To Nearby Cities
| Durand | $157.7K | $160K | +1.4% |
| Vernon Township | $187K | $182K | -2.7% |
Housing Supply in Durand, MI
How many homes are available in Durand, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 20 | -23.1% |
Summary: The Durand real estate market had 20 homes for sale in March 2024, a 23.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Durand housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Durand, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Durand in March 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Durand, MI
How long does it take to sell a home in Durand, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 86 Days | 125 Days | +45.6% |
Summary: Homes in Durand had an average of 125 days on market in Mar 2024, up by 45.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Durand has remained consistent over time.
Summary: During March 2024, 5 homes were sold in Durand; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.