Is Evergreen, 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, Evergreen has remained a Seller's Market.
Key Takeaway
Evergreen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Evergreen, MI
How much do homes in Evergreen, MI cost?
Median Sold Price
$77,950
$73/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Evergreen have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Evergreen was $77,950 in April 2024, up 6.8% from last year, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37K | - | N/A |
| 2 Bedrooms | $43.5K | $45K | +3.4% |
| 3 Bedrooms | $75K | $82.2K | +9.7% |
| 4 Bedrooms | $121.5K | $86K | -29.2% |
| 5+ Bedrooms | $324K | $74.1K | -77.1% |
Summary: Evergreen 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 3.4%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 29.2%, and 5+ bedroom homes decreased by 77.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Evergreen | $73K | $77.9K | +6.8% |
| North Rosedale Park | $190K | $189K | -0.5% |
| Upper West | $87.7K | $85K | -3.1% |
| Riverdale | $71K | $66K | -7.0% |
Housing Supply in Evergreen, MI
How many homes are available in Evergreen, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 138 | 145 | +5.1% |
Summary: The Evergreen real estate market had 145 homes for sale in April 2024, a 5.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 26 | 30 | +15.4% |
| 3 Bedrooms | 101 | 103 | +2.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Evergreen 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 15.4%, 3 bedroom homes increased by 2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Evergreen, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Evergreen in April 2024, down by 9.7% month-over-month. Of the 28 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for Evergreen, MI
How long does it take to sell a home in Evergreen, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 158 Days | 23 Days | -85.3% |
Summary: Homes in Evergreen had an average of 23 days on market in Apr 2024, down by 85.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Evergreen are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in Evergreen; 68% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
