Is Durfee, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Durfee was a Seller's Market.
Housing Prices in Durfee, MI
How much do homes in Durfee, MI cost?
Median Sold Price
$145,000
$65/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Durfee was $145,000 in April 2024, down 4.9% from last year, and the median price per square foot was $65.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $22K | N/A |
2 Bedrooms | $4K | $45K | +1025.0% |
3 Bedrooms | $64K | $41K | -35.9% |
4 Bedrooms | $192K | $172K | -10.4% |
5+ Bedrooms | $261K | $319K | +22.2% |
Summary: Durfee housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1025%, 3 bedroom homes decreased by 35.9%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes increased by 22.2%.
Median Sold Price Compared To Nearby Neighborhoods
Boston-Edison | $350K | $390K | +11.4% |
Durfee | $152.5K | $145K | -4.9% |
Rosa Parks | $137.5K | $127.5K | -7.3% |
Midtown | $155K | $131.7K | -15.0% |
Middle Woodward | $250K | $212.5K | -15.0% |
Housing Supply in Durfee, MI
How many homes are available in Durfee, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 75 | +15.4% |
Summary: The Durfee real estate market had 75 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 28 | 33 | +17.9% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The Durfee housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Durfee in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Durfee, MI
How long does it take to sell a home in Durfee, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
125 Days | 29 Days | -76.4% |
Summary: Homes in Durfee had an average of 29 days on market in Apr 2024, down by 76.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Durfee; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.