Is Nims, 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, Nims was a Buyer's Market.
Key Takeaway
Nims is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nims, MI
How much do homes in Nims, MI cost?
Median Sold Price
$155,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Nims have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Nims was $155,000 in April 2024, up 3.3% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132K | $41.4K | -68.6% |
| 2 Bedrooms | $143K | $123.9K | -13.4% |
| 3 Bedrooms | $155K | $160K | +3.2% |
| 4 Bedrooms | $145K | $229.9K | +58.6% |
| 5+ Bedrooms | $171.5K | - | N/A |
Summary: Nims housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.6%, 2 bedroom homes decreased by 13.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 58.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Nelson | $158K | $190K | +20.3% |
| Nims | $150K | $155K | +3.3% |
| Campbell Field | $140K | $142K | +1.4% |
Housing Supply in Nims, MI
How many homes are available in Nims, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Nims real estate market had 17 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Nims 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 16.7%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Nims, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Nims in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Nims, MI
How long does it take to sell a home in Nims, MI?
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nims are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Nims; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.