Is Martin Park, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Martin Park has remained a Seller's Market.
Housing Prices in Martin Park, MI
How much do homes in Martin Park, MI cost?
Median Sold Price
$127,500
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Martin Park was $127,500 in April 2024, down 5.6% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $47.5K | $36.5K | -23.2% |
3 Bedrooms | $157.5K | $100.5K | -36.2% |
4 Bedrooms | $177.1K | $215K | +21.4% |
5+ Bedrooms | $145K | $166.5K | +14.8% |
Summary: Martin Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.2%, 3 bedroom homes decreased by 36.2%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Neighborhoods
University District | $330K | $320.5K | -2.9% |
Martin Park | $135K | $127.5K | -5.6% |
Palmer Park | $330K | $300.5K | -8.9% |
McNichols | $89.9K | $73.7K | -18.0% |
Housing Supply in Martin Park, MI
How many homes are available in Martin Park, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 17 | -5.6% |
Summary: The Martin Park real estate market had 17 homes for sale in April 2024, a 5.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Martin Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Martin Park in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Martin Park, MI
How long does it take to sell a home in Martin Park, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Martin Park; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.