Is Mohican Regent, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mohican Regent is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Mohican Regent was a Neutral Market.

Key Takeaway

Mohican Regent is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mohican Regent, MI

How much do homes in Mohican Regent, MI cost?

Median Sold Price

$84,750

$73/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$9,250(+12.3%)

Key Takeaway

Homes in Mohican Regent have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in Mohican Regent was $84,750 in April 2024, up 12.3% from last year, and the median price per square foot was $73.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $56.5K$80K
+41.6%
3 $78K$85K
+9.0%
4 $75K-
N/A
5+ -$53K
N/A

Summary: Mohican Regent 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 41.6%, 3 bedroom homes increased by 9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Mohican Regent
+12.3%
Mount Olivet
+10.5%
Upper East
+10.0%
Regent Park
+5.2%
Burbank
+2.9%

Housing Supply in Mohican Regent, MI

How many homes are available in Mohican Regent, MI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1615-6.3%

Summary: The Mohican Regent real estate market had 15 homes for sale in April 2024, a 6.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1514
-6.7%
4 00
0.0%
5+ 00
0.0%

Summary: The Mohican Regent 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 remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mohican Regent, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Mohican Regent in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Mohican Regent, MI

How long does it take to sell a home in Mohican Regent, MI?

Average Sale Time

Apr 2023Apr 2024CHANGE
119 Days23 Days-80.7%

Summary: Homes in Mohican Regent had an average of 23 days on market in Apr 2024, down by 80.7% compared to last year.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mohican Regent are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in Mohican Regent; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in Mohican Regent, MI

Nearby Markets to Mohican Regent, MI