Is Nolan, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Nolan has remained a Seller's Market.
Housing Prices in Nolan, MI
How much do homes in Nolan, MI cost?
Median Sold Price
$45,200
$45/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Nolan was $45,200 in April 2024, down 2.8% from last year, and the median price per square foot was $45.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $37.4K | $43K | +14.8% |
3 Bedrooms | $45.5K | $47.5K | +4.4% |
4 Bedrooms | $47.2K | $56.2K | +19.0% |
5+ Bedrooms | $80K | $45K | -43.8% |
Summary: Nolan 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 14.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 43.8%.
Median Sold Price Compared To Nearby Neighborhoods
Pershing | $48.7K | $54K | +10.8% |
North East | $50K | $55.2K | +10.4% |
Nolan | $46.5K | $45.2K | -2.8% |
Housing Supply in Nolan, MI
How many homes are available in Nolan, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 52 | +40.5% |
Summary: The Nolan real estate market had 52 homes for sale in April 2024, a 40.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 11 | +120.0% |
3 Bedrooms | 26 | 32 | +23.1% |
4 Bedrooms | 2 | 6 | +200.0% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Nolan housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 120%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Nolan in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Nolan, MI
How long does it take to sell a home in Nolan, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 53 Days | +120.4% |
Summary: Homes in Nolan had an average of 53 days on market in Apr 2024, up by 120.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Nolan; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.