Is Imlay City, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Imlay City was a Seller's Market.
Housing Prices in Imlay City, MI
How much do homes in Imlay City, MI cost?
Median Sold Price
$265,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Imlay City was $265,000 in June 2024, up 6.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $74.4K | N/A |
2 Bedrooms | $181.5K | $241K | +32.8% |
3 Bedrooms | $250K | $295K | +18.0% |
4 Bedrooms | $297.4K | $275K | -7.5% |
5+ Bedrooms | $250K | $302.5K | +21.0% |
Summary: Imlay City housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.8%, 3 bedroom homes increased by 18%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 21%.
Median Sold Price Compared To Nearby Cities
Imlay City | $249.5K | $265K | +6.2% |
Imlay Township | $375K | $330K | -12.0% |
Housing Supply in Imlay City, MI
How many homes are available in Imlay City, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
28 | 24 | -14.3% |
Summary: The Imlay City real estate market had 24 homes for sale in June 2024, a 14.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 19 | 14 | -26.3% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Imlay City housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
11 | 4 | -63.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Imlay City in June 2024, down by 63.6% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Imlay City, MI
How long does it take to sell a home in Imlay City, MI?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
14 Days | 30 Days | +111.8% |
Summary: Homes in Imlay City had an average of 30 days on market in Jun 2024, up by 111.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 4 homes were sold in Imlay City; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.