$34,900
0.86 Acres
Land
Susan Besteman, Listing Office: Besteman Properties Group Inc.
Is Michigan Center, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Michigan Center was a Seller's Market.
Key Takeaway
Michigan Center is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Michigan Center, MI
How much do homes in Michigan Center, MI cost?
Median Sold Price
$200,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$20,000(+11.1%)
Key Takeaway
Homes in Michigan Center have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Michigan Center was $200,000 in September 2024, up 11.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160.9K | $188.6K | +17.3% |
| 3 Bedrooms | $200.4K | $200K | -0.2% |
| 4 Bedrooms | $188.5K | $206K | +9.3% |
| 5+ Bedrooms | $223K | - | N/A |
Summary: Michigan Center housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Leoni Township | $200K | $225K | +12.5% |
| Michigan Center | $180K | $200K | +11.1% |
Housing Supply in Michigan Center, MI
How many homes are available in Michigan Center, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Michigan Center real estate market had 17 homes for sale in September 2024, a 13.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Michigan Center housing inventory by bedroom type for September 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%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Michigan Center, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Michigan Center in September 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Michigan Center, MI
How long does it take to sell a home in Michigan Center, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 39 Days | 20 Days | -49.0% |
Summary: Homes in Michigan Center had an average of 20 days on market in Sep 2024, down by 49% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Michigan Center are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 2 homes were sold in Michigan Center; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.