Is Linden, 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, Linden was a Seller's Market.
Key Takeaway
Linden is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Linden, MI
How much do homes in Linden, MI cost?
Median Sold Price
$341,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Linden have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in Linden was $341,000 in March 2024, up 15.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $170K | N/A |
| 2 Bedrooms | $240K | $291K | +21.3% |
| 3 Bedrooms | $281.5K | $329.4K | +17.0% |
| 4 Bedrooms | $325K | $370K | +13.8% |
| 5+ Bedrooms | $370K | $835K | +125.7% |
Summary: Linden 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 21.3%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 125.7%.
Median Sold Price Compared To Nearby Cities
| Linden | $295.5K | $341K | +15.4% |
| Fenton Charter Township | $321.7K | $345K | +7.2% |
Housing Supply in Linden, MI
How many homes are available in Linden, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 68 | +17.2% |
Summary: The Linden real estate market had 68 homes for sale in March 2024, a 17.2% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 35 | 43 | +22.9% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Linden 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 decreased by 20%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Linden, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Linden in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 64% were sold under asking, 0% were sold at asking, and 36% were sold over asking.
Days on Market for Linden, MI
How long does it take to sell a home in Linden, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 46 Days | +9.3% |
Summary: Homes in Linden had an average of 46 days on market in Mar 2024, up by 9.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Linden are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Linden; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
