Is Eastborn, 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, Eastborn has remained a Seller's Market.
Key Takeaway
Eastborn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eastborn, MI
How much do homes in Eastborn, MI cost?
Median Sold Price
$247,500
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Eastborn have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in Eastborn was $247,500 in March 2024, up 15.1% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $125K | $162.5K | +30.0% |
| 3 Bedrooms | $201.5K | $220K | +9.2% |
| 4 Bedrooms | $317K | $269.5K | -15.0% |
| 5+ Bedrooms | $530K | $265K | -50.0% |
Summary: Eastborn 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 30%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 50%.
Median Sold Price Compared To Nearby Neighborhoods
| Eastborn | $215K | $247.5K | +15.1% |
| Hemlock Blesser | $232K | $240K | +3.4% |
Housing Supply in Eastborn, MI
How many homes are available in Eastborn, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The Eastborn real estate market had 13 homes for sale in March 2024, a 8.3% increase 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Eastborn 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 increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Eastborn, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Eastborn in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Eastborn, MI
How long does it take to sell a home in Eastborn, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eastborn are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Eastborn; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
