Is East English Village, 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, East English Village has remained a Seller's Market.
Housing Prices in East English Village, MI
How much do homes in East English Village, MI cost?
Median Sold Price
$185,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East English Village was $185,000 in March 2024, up 9.7% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $134.5K | N/A |
3 Bedrooms | $175K | $185K | +5.7% |
4 Bedrooms | $168.6K | $206K | +22.2% |
5+ Bedrooms | $128K | $205K | +60.2% |
Summary: East English Village 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 did not change, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 60.2%.
Median Sold Price Compared To Nearby Neighborhoods
Denby | $50K | $57K | +14.0% |
East English Village | $168.6K | $185K | +9.7% |
Upper East | $50K | $54.2K | +8.5% |
Finney | $124.5K | $115K | -7.6% |
Lower East | $129K | $109.4K | -15.2% |
Housing Supply in East English Village, MI
How many homes are available in East English Village, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Summary: The East English Village real estate market had 21 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 4 | 2 | -50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The East English Village 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 increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in East English Village in March 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for East English Village, MI
How long does it take to sell a home in East English Village, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
606 Days | 8 Days | -98.7% |
Summary: Homes in East English Village had an average of 8 days on market in Mar 2024, down by 98.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in East English Village; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.