Is Minock 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, Minock Park has remained a Buyer's Market.
Key Takeaway
Minock Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Minock Park, MI
How much do homes in Minock Park, MI cost?
Median Sold Price
$96,000
$81/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Minock Park have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Minock Park was $96,000 in April 2024, up 7.3% from last year, and the median price per square foot was $81.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $59K | $60K | +1.7% |
| 3 Bedrooms | $89.9K | $96K | +6.8% |
| 4 Bedrooms | $283K | $180K | -36.4% |
| 5+ Bedrooms | $340K | - | N/A |
Summary: Minock 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 increased by 1.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Rosedale Park | $185K | $207K | +11.9% |
| Minock Park | $89.4K | $96K | +7.3% |
| Brightmoor | $57K | $60K | +5.3% |
| North Rosedale Park | $190K | $189K | -0.5% |
| Rosedale | $170K | $165K | -2.9% |
Housing Supply in Minock Park, MI
How many homes are available in Minock Park, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Summary: The Minock Park real estate market had 18 homes for sale in April 2024, a 5.9% increase 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Minock 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 decreased by 25%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Minock Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Minock Park in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Minock Park, MI
How long does it take to sell a home in Minock Park, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Minock Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Minock Park; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
