Is Eastown, 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, Eastown was a Seller's Market.
Key Takeaway
Eastown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Eastown, MI
How much do homes in Eastown, MI cost?
Median Sold Price
$353,450
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Eastown have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Eastown was $353,450 in April 2024, up 8.6% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $305K | $350K | +14.8% |
| 4 Bedrooms | $320K | $350.5K | +9.5% |
| 5+ Bedrooms | $450K | $500K | +11.1% |
Summary: Eastown 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 did not change, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Fulton Heights | $300K | $361K | +20.3% |
| Eastown | $325.5K | $353.4K | +8.6% |
| Michigan Oaks | $405K | $400K | -1.2% |
Housing Supply in Eastown, MI
How many homes are available in Eastown, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Summary: The Eastown real estate market had 6 homes for sale in April 2024, a 50.0% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Eastown 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 remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
0 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 Eastown, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Eastown in April 2024, down by 85.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Eastown, MI
How long does it take to sell a home in Eastown, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eastown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Eastown; 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.
