Is La Salle, 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, La Salle was a Buyer's Market.
Key Takeaway
La Salle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Salle, MI
How much do homes in La Salle, MI cost?
Median Sold Price
$265,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in La Salle have sold for 44.8% more than they did a year ago.
Summary: The median home sold price in La Salle was $265,000 in March 2024, up 44.8% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $112K | N/A |
| 2 Bedrooms | $144.2K | $181K | +25.5% |
| 3 Bedrooms | $184K | $238K | +29.3% |
| 4 Bedrooms | $215.2K | $305K | +41.7% |
| 5+ Bedrooms | $253K | $330K | +30.4% |
Summary: La Salle 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 increased by 25.5%, 3 bedroom homes increased by 29.3%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 30.4%.
Median Sold Price Compared To Nearby Cities
| La Salle | $183K | $265K | +44.8% |
| La Salle Township | $200K | $265K | +32.5% |
| Monroe Charter Township | $180.6K | $203.5K | +12.7% |
| Erie | $191.2K | $205K | +7.2% |
| Luna Pier | $160K | $162.5K | +1.6% |
Housing Supply in La Salle, MI
How many homes are available in La Salle, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The La Salle real estate market had 4 homes for sale in March 2024, a 20.0% decrease 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 | 1 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The La Salle 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in La Salle, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in La Salle in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for La Salle, MI
How long does it take to sell a home in La Salle, MI?
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 La Salle are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in La Salle; 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.
