Housing Prices in New Center, MI
How much do homes in New Center, MI cost?
Median List Price
$175,000
$158/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in New Center has decreased by 27.1% since last year.
Summary: The median home list price in New Center was $175,000 in March 2024, down 27.1% from the previous year, and the median price per square foot was $158.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.4K | $110.9K | -1.3% |
| 2 Bedrooms | $240K | $202.5K | -15.6% |
| 3 Bedrooms | $299K | $253.9K | -15.1% |
| 4 Bedrooms | $595K | $259.9K | -56.3% |
| 5+ Bedrooms | - | $272.4K | N/A |
Summary: New Center housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 15.6%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes decreased by 56.3%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Neighborhoods
| North End | $192.5K | $219K | +13.8% |
| Midtown | $154.9K | $150K | -3.2% |
| Middle Woodward | $237K | $212.4K | -10.4% |
| New Center | $240K | $175K | -27.1% |
Housing Supply in New Center, MI
How many homes are available in New Center, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Summary: The New Center real estate market had 6 homes for sale in March 2024, a 20.0% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Center 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 increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for New Center, MI
How long does it take to sell a home in New Center, MI?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 166 Days | 56 Days | -66.2% |
Summary: Homes in New Center had an average listing age of 56 days in Mar 2024, down by 66.2% compared to the previous year.
