Is New Haven, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Haven is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, New Haven has remained a Seller's Market.

Key Takeaway

New Haven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in New Haven, MI

How much do homes in New Haven, MI cost?

Median Sold Price

$287,250

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$3,250(+1.1%)

Key Takeaway

Homes in New Haven have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in New Haven was $287,250 in January 2024, up 1.1% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 --
N/A
2 -$118.5K
N/A
3 $270K$269.9K
0%
4 $310K$326.9K
+5.5%
5+ $313K$290K
-7.3%

Summary: New Haven housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 7.3%.

Median Sold Price Compared To Nearby Cities

Lenox Township
+1.2%
New Haven
+1.1%

Housing Supply in New Haven, MI

How many homes are available in New Haven, MI?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
1816-11.1%

Summary: The New Haven real estate market had 16 homes for sale in January 2024, a 11.1% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 118
-27.3%
4 55
0.0%
5+ 22
0.0%

Summary: The New Haven housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 Homes Were 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 New Haven, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in New Haven in January 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for New Haven, MI

How long does it take to sell a home in New Haven, MI?

Average Sale Time

Jan 2023Jan 2024CHANGE
7 Days49 Days+609.5%

Summary: Homes in New Haven had an average of 49 days on market in Jan 2024, up by 609.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 3 homes were sold in New Haven; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 21 Days Ago

Newest Listings in New Haven, MI

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