Is Finney, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Finney was a Seller's Market.
Key Takeaway
Finney is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Finney, MI
How much do homes in Finney, MI cost?
Median Sold Price
$115,000
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Finney have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Finney was $115,000 in March 2024, down 7.6% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $15K | $36.5K | +143.3% |
| 2 Bedrooms | $64K | $66.2K | +3.5% |
| 3 Bedrooms | $123.5K | $117K | -5.3% |
| 4 Bedrooms | $140K | $127.5K | -8.9% |
| 5+ Bedrooms | $160K | $155K | -3.1% |
Summary: Finney housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 143.3%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Denby | $50K | $57K | +14.0% |
| East English Village | $168.6K | $185K | +9.7% |
| Finney | $124.5K | $115K | -7.6% |
| Morningside | $129.5K | $107K | -17.4% |
Housing Supply in Finney, MI
How many homes are available in Finney, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 140 | 150 | +7.1% |
Summary: The Finney real estate market had 150 homes for sale in March 2024, a 7.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 93 | 100 | +7.5% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Finney housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Finney, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Finney in March 2024, the same as the previous month. Of the 21 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Finney, MI
How long does it take to sell a home in Finney, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 212 Days | 35 Days | -83.5% |
Summary: Homes in Finney had an average of 35 days on market in Mar 2024, down by 83.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Finney are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in Finney; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.