Is Middleville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Middleville has remained a Seller's Market.
Key Takeaway
Middleville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middleville, MI
How much do homes in Middleville, MI cost?
Median Sold Price
$340,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Middleville have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Middleville was $340,000 in March 2024, up 4.6% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $665K | N/A |
| 2 Bedrooms | $221K | $315K | +42.5% |
| 3 Bedrooms | $292.4K | $313K | +7.0% |
| 4 Bedrooms | $340K | $347.9K | +2.3% |
| 5+ Bedrooms | $493.4K | $464.9K | -5.8% |
Summary: Middleville 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 increased by 42.5%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Middleville | $325K | $340K | +4.6% |
| Thornapple Township | $330K | $330K | 0.0% |
Housing Supply in Middleville, MI
How many homes are available in Middleville, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Summary: The Middleville real estate market had 34 homes for sale in March 2024, a 9.7% 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 | 0 | 0.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Middleville 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middleville, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Middleville in March 2024, down by 9.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Middleville, MI
How long does it take to sell a home in Middleville, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 25 Days | -27.0% |
Summary: Homes in Middleville had an average of 25 days on market in Mar 2024, down by 27% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Middleville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Middleville; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
