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 November 2021

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.

How much do homes in New Haven, MI cost?

Median Sold Price

$260,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$11,750(+4.7%)

Key Takeaway

Homes in New Haven have sold for 4.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $155K$40.8K
-73.7%
3 $224.9K$260K
+15.6%
4 $272K$290K
+6.6%
5+ $236.5K$264.5K
+11.8%

Median Sold Price Compared To Nearby Cities

Lenox Township
+5.7%
New Haven
+4.7%

How many homes are available in New Haven, MI?

Number of Homes For Sale

Oct 2022Nov 2022%
2722-18.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 1813
-27.8%
4 67
+16.7%
5+ 32
-33.3%

Number of Homes Sold

Oct 2022Nov 2022%
770.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were 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. 42.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
12 Days9 Days-26.3%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

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

About New Haven, MI

New Haven, MI has 22 homes for sale to choose from. The number of listings in New Haven, MI decreased by 18.5% between October 2022 and November 2022. Listings spent 9 days on the market in November 2022, and had a median list price of $260,000 during the same period. Listing prices have changed in this real estate market between October 2022 and November 2022: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went down by 73.7%, the cost of 3 bedrooms properties went up by 15.6%, 4 bedrooms properties prices increased by 6.6%, 5 bedrooms properties became 11.8% more expensive. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes went down by 27.8%, 4 bedrooms homes became 16.7% more available, 5 bedrooms homes became 33.3% less available. Over 3 listings were sold over their listed price in November 2022 in New Haven, MI. In the same period over 3 listings were sold below the listed price and 1 listings were sold for the listed price.

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