Is Edmore, 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, Edmore has remained a Seller's Market.
Key Takeaway
Edmore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edmore, MI
How much do homes in Edmore, MI cost?
Median Sold Price
$190,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Edmore have sold for 58.3% more than they did a year ago.
Summary: The median home sold price in Edmore was $190,000 in March 2024, up 58.3% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81.3K | - | N/A |
| 2 Bedrooms | $115K | $129.2K | +12.4% |
| 3 Bedrooms | $149.9K | $190K | +26.8% |
| 4 Bedrooms | $183K | $190K | +3.8% |
| 5+ Bedrooms | $293.5K | $202.5K | -31.0% |
Summary: Edmore 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 12.4%, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 31%.
Median Sold Price Compared To Nearby Cities
| Edmore | $120K | $190K | +58.3% |
| Home Township | $135.8K | $172.5K | +27.0% |
Housing Supply in Edmore, MI
How many homes are available in Edmore, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Summary: The Edmore real estate market had 14 homes for sale in March 2024, a 27.3% 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 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Edmore 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edmore, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Edmore in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Edmore, MI
How long does it take to sell a home in Edmore, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 12 Days | -66.7% |
Summary: Homes in Edmore had an average of 12 days on market in Mar 2024, down by 66.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edmore are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Edmore; 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.
