Is Elmira, 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, Elmira was a Seller's Market.
Key Takeaway
Elmira is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elmira, MI
How much do homes in Elmira, MI cost?
Median Sold Price
$249,900
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Elmira have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Elmira was $249,900 in April 2024, up 6.3% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92K | - | N/A |
| 2 Bedrooms | $175K | $251K | +43.4% |
| 3 Bedrooms | $233.5K | $240K | +2.8% |
| 4 Bedrooms | $200K | $260K | +30.0% |
| 5+ Bedrooms | $542.5K | $495K | -8.8% |
Summary: Elmira 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 increased by 43.4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Elmira Township | $240K | $257.4K | +7.3% |
| Elmira | $235K | $249.9K | +6.3% |
Housing Supply in Elmira, MI
How many homes are available in Elmira, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The Elmira real estate market had 19 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Elmira 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elmira, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Elmira in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Elmira, MI
We’re sorry, we don't have information for this market at the moment
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