Is Linden, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Linden is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Linden has remained a Seller's Market.

Key Takeaway

Linden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Linden, MI

How much do homes in Linden, MI cost?

Median Sold Price

$340,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$20,400(+6.4%)

Key Takeaway

Homes in Linden have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Linden was $340,000 in May 2024, up 6.4% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $58K$266.5K
+359.5%
2 $260K$260K
0.0%
3 $306K$329K
+7.5%
4 $353.5K$390K
+10.3%
5+ $405K$697.5K
+72.2%

Summary: Linden housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 359.5%, 2 bedroom homes did not change, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 72.2%.

Median Sold Price Compared To Nearby Cities

Linden
+6.4%
Fenton Charter Township
+4.7%

Housing Supply in Linden, MI

How many homes are available in Linden, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7893+19.2%

Summary: The Linden real estate market had 93 homes for sale in May 2024, a 19.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 610
+66.7%
3 4445
+2.3%
4 2432
+33.3%
5+ 46
+50.0%

Summary: The Linden housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2120-4.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Linden, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Linden in May 2024, down by 4.8% month-over-month. Of the 20 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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

May 2023May 2024CHANGE
29 Days36 Days+23.7%

Summary: Homes in Linden had an average of 36 days on market in May 2024, up by 23.7% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Linden are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 20 homes were sold in Linden; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Linden, MI

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