Is North, 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, North has remained a Seller's Market.
Housing Prices in North, MI
How much do homes in North, MI cost?
Median Sold Price
$119,475
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North was $119,475 in April 2024, down 7.9% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $93K | N/A |
2 Bedrooms | $52K | $50.9K | -2.1% |
3 Bedrooms | $125K | $111.7K | -10.6% |
4 Bedrooms | $145.5K | $165K | +13.4% |
5+ Bedrooms | $275K | $240K | -12.7% |
Summary: North 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 decreased by 2.1%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes decreased by 12.7%.
Median Sold Price Compared To Nearby Neighborhoods
Bagley Community | $183.2K | $187K | +2.0% |
Pembroke | $115K | $115K | 0.0% |
North | $129.7K | $119.4K | -7.9% |
Bagley | $165K | $149.4K | -9.4% |
Housing Supply in North, MI
How many homes are available in North, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
359 | 408 | +13.6% |
Summary: The North real estate market had 408 homes for sale in April 2024, a 13.6% 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 | 27 | 25 | -7.4% |
3 Bedrooms | 242 | 269 | +11.2% |
4 Bedrooms | 62 | 81 | +30.6% |
5+ Bedrooms | 27 | 32 | +18.5% |
Summary: The North 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 decreased by 7.4%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes increased by 18.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 71 | +9.2% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in North in April 2024, up by 9.2% month-over-month. Of the 71 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for North, MI
How long does it take to sell a home in North, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
68 Days | 41 Days | -39.0% |
Summary: Homes in North had an average of 41 days on market in Apr 2024, down by 39% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 71 homes were sold in North; 58% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.