Is Emmon's Orchard, 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, Emmon's Orchard has remained a Seller's Market.
Key Takeaway
Emmon's Orchard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Emmon's Orchard, MI
How much do homes in Emmon's Orchard, MI cost?
Median Sold Price
$179,900
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Emmon's Orchard have sold for 9% more than they did a year ago.
Summary: The median home sold price in Emmon's Orchard was $179,900 in April 2024, up 9% 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 | - | - | N/A |
| 2 Bedrooms | $142K | $139.4K | -1.8% |
| 3 Bedrooms | $166K | $179.9K | +8.4% |
| 4 Bedrooms | $196.5K | $233.7K | +19.0% |
| 5+ Bedrooms | $255K | - | N/A |
Summary: Emmon's Orchard 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 decreased by 1.8%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 19%, and 5+ bedroom homes did not change.
Housing Supply in Emmon's Orchard, MI
How many homes are available in Emmon's Orchard, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Summary: The Emmon's Orchard real estate market had 4 homes for sale in April 2024, a 33.3% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Emmon's Orchard 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 increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Emmon's Orchard, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Emmon's Orchard in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Emmon's Orchard, MI
How long does it take to sell a home in Emmon's Orchard, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 19 Days | +171.4% |
Summary: Homes in Emmon's Orchard had an average of 19 days on market in Apr 2024, up by 171.4% compared to last year.
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 Emmon's Orchard are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Emmon's Orchard; 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.
