Is Eastside, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Eastside has remained a Seller's Market.
Housing Prices in Eastside, MI
How much do homes in Eastside, MI cost?
Median Sold Price
$115,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Eastside was $115,000 in April 2024, up 9% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $46.9K | $60K | +27.8% |
2 Bedrooms | $89.9K | $86.5K | -3.8% |
3 Bedrooms | $113.5K | $124K | +9.3% |
4 Bedrooms | $155K | $158K | +1.9% |
5+ Bedrooms | $142.5K | $162.1K | +13.8% |
Summary: Eastside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 13.8%.
Housing Supply in Eastside, MI
How many homes are available in Eastside, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
87 | 86 | -1.1% |
Summary: The Eastside real estate market had 86 homes for sale in April 2024, a 1.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 24 | 22 | -8.3% |
3 Bedrooms | 45 | 46 | +2.2% |
4 Bedrooms | 17 | 16 | -5.9% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Eastside housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 27 | +22.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Eastside in April 2024, up by 22.7% month-over-month. Of the 27 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Eastside, MI
How long does it take to sell a home in Eastside, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 33 Days | +46.0% |
Summary: Homes in Eastside had an average of 33 days on market in Apr 2024, up by 46% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Eastside; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.