Housing Prices in Empire, MI
How much do homes in Empire, MI cost?
Median List Price
$624,450
$273/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Empire has decreased by 33.2% since last year.
Summary: The median home list price in Empire was $624,450 in March 2024, down 33.2% from the previous year, and the median price per square foot was $273.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $935K | $550K | -41.2% |
| 3 Bedrooms | $595K | $569K | -4.4% |
| 4 Bedrooms | $1.3M | $684.9K | -50.3% |
| 5+ Bedrooms | $4.9M | $2.4M | -50.5% |
Summary: Empire 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 decreased by 41.2%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 50.3%, and 5+ bedroom homes decreased by 50.5%.
Median List Price Compared To Nearby Cities
| Empire Township | $765K | $679K | -11.2% |
| Empire | $935K | $624.4K | -33.2% |
Housing Supply in Empire, MI
How many homes are available in Empire, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Summary: The Empire real estate market had 7 homes for sale in March 2024, a 75.0% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Empire 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 increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Empire, MI
How long does it take to sell a home in Empire, MI?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 182 Days | 103 Days | -43.3% |
Summary: Homes in Empire had an average listing age of 103 days in Mar 2024, down by 43.3% compared to the previous year.
