Is Linden, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$337,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Linden have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Linden was $337,500 in June 2024, up 6.3% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210.5K | $170K | -19.2% |
| 2 Bedrooms | $260K | $260K | 0.0% |
| 3 Bedrooms | $308K | $319.9K | +3.9% |
| 4 Bedrooms | $352K | $400K | +13.6% |
| 5+ Bedrooms | $415K | $730K | +75.9% |
Summary: Linden housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 75.9%.
Median Sold Price Compared To Nearby Cities
| Linden | $317.5K | $337.5K | +6.3% |
| Fenton Charter Township | $324.2K | $339.9K | +4.8% |
Housing Supply in Linden, MI
How many homes are available in Linden, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 90 | 86 | -4.4% |
Summary: The Linden real estate market had 86 homes for sale in June 2024, a 4.4% 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 | 11 | 11 | 0.0% |
| 3 Bedrooms | 46 | 44 | -4.3% |
| 4 Bedrooms | 30 | 29 | -3.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Linden 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 remained the same, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 25 | 21 | -16.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Linden, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Linden in June 2024, down by 16.0% month-over-month. Of the 21 sold homes, 33% were sold under asking, 24% were sold at asking, and 43% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 98 Days | 27 Days | -71.9% |
Summary: Homes in Linden had an average of 27 days on market in Jun 2024, down by 71.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Linden are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 21 homes were sold in Linden; 81% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.