Is Mohican Regent, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mohican Regent was a Neutral Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $56.5K | $80K | +41.6% |
3 Bedrooms | $78K | $85K | +9.0% |
4 Bedrooms | $75K | - | N/A |
5+ Bedrooms | - | $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 | $75.5K | $84.7K | +12.3% |
Mount Olivet | $47.5K | $52.5K | +10.5% |
Upper East | $50K | $55K | +10.0% |
Regent Park | $58K | $61K | +5.2% |
Burbank | $51.3K | $52.8K | +2.9% |
Housing Supply in Mohican Regent, MI
How many homes are available in Mohican Regent, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 15 | -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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 15 | 14 | -6.7% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
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 2023 | Apr 2024 | CHANGE |
---|---|---|
119 Days | 23 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
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.