Is Linden, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Linden was a Seller's Market.
Housing Prices in Linden, MI
How much do homes in Linden, MI cost?
Median Sold Price
$335,282
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Linden was $335,282 in February 2024, up 11.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $170K | N/A |
2 Bedrooms | $150K | $263.5K | +75.7% |
3 Bedrooms | $280K | $327K | +16.8% |
4 Bedrooms | $323.5K | $400K | +23.6% |
5+ Bedrooms | $370K | $580K | +56.8% |
Summary: Linden housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 75.7%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 56.8%.
Median Sold Price Compared To Nearby Cities
Linden | $301K | $335.2K | +11.4% |
Fenton Charter Township | $340K | $340.6K | 0.2% |
Housing Supply in Linden, MI
How many homes are available in Linden, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
56 | 60 | +7.1% |
Summary: The Linden real estate market had 60 homes for sale in February 2024, a 7.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 31 | 39 | +25.8% |
4 Bedrooms | 19 | 15 | -21.1% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Linden housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25.8%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 8 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Linden in February 2024, down by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
209 Days | 33 Days | -84.2% |
Summary: Homes in Linden had an average of 33 days on market in Feb 2024, down by 84.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 8 homes were sold in Linden; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.