Is Metamora, 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, Metamora was a Seller's Market.
Housing Prices in Metamora, MI
How much do homes in Metamora, MI cost?
Median Sold Price
$365,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Metamora was $365,000 in March 2024, down 2.7% 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 | - | $150K | N/A |
2 Bedrooms | $224K | $121K | -46.0% |
3 Bedrooms | $345K | $348K | +0.9% |
4 Bedrooms | $395K | $430K | +8.9% |
5+ Bedrooms | $785K | $680K | -13.4% |
Summary: Metamora 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 decreased by 46%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 13.4%.
Median Sold Price Compared To Nearby Cities
Metamora | $375K | $365K | -2.7% |
Metamora Township | $389.8K | $375.7K | -3.6% |
Housing Supply in Metamora, MI
How many homes are available in Metamora, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 31 | +6.9% |
Summary: The Metamora real estate market had 31 homes for sale in March 2024, a 6.9% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 19 | 21 | +10.5% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Metamora 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 increased by 100%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Metamora in March 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Metamora, MI
How long does it take to sell a home in Metamora, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
107 Days | 48 Days | -54.6% |
Summary: Homes in Metamora had an average of 48 days on market in Mar 2024, down by 54.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Metamora; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.