$5,461 Closing Credit*
$459,900
1,830 SqFt
3 Beds
•3 Full Baths, 1 Partial
Clifford Risner, Listing Office: Executive Brokers Residential and Commercial Real
Is Michigan Center, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Michigan Center has remained a Seller's Market.
Key Takeaway
Michigan Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Michigan Center, MI
How much do homes in Michigan Center, MI cost?
Median Sold Price
$200,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$20,100(+11.2%)
Key Takeaway
Homes in Michigan Center have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Michigan Center was $200,000 in August 2024, up 11.2% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | - | N/A |
| 2 Bedrooms | $160.9K | $187.5K | +16.5% |
| 3 Bedrooms | $189.9K | $205.9K | +8.4% |
| 4 Bedrooms | $188.5K | $206K | +9.3% |
| 5+ Bedrooms | $201.5K | - | N/A |
Summary: Michigan Center housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Leoni Township | $190K | $230K | +21.1% |
| Michigan Center | $179.9K | $200K | +11.2% |
Housing Supply in Michigan Center, MI
How many homes are available in Michigan Center, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The Michigan Center real estate market had 17 homes for sale in August 2024, a 21.4% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Michigan Center housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 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, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Michigan Center in August 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 41 Days | 55 Days | +34.3% |
Summary: Homes in Michigan Center had an average of 55 days on market in Aug 2024, up by 34.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Michigan Center has remained consistent over time.
Summary: During August 2024, 4 homes were sold in Michigan Center; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.