Is North Street, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Street is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, North Street was a Neutral Market.

Key Takeaway

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

Housing Prices in North Street, MI

How much do homes in North Street, MI cost?

Median Sold Price

$313,000

$147/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$155,550(+98.8%)

Key Takeaway

Homes in North Street have sold for 98.8% more than they did a month ago.

Summary: The median home sold price in North Street was $313,000 in February 2024, up 98.8% from last month, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $65K-
N/A
3 $249.9K$390K
+56.1%
4 -$281K
N/A
5+ --
N/A

Summary: North Street housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 56.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

North Street
+98.8%
Clyde Township
+98.8%

Housing Supply in North Street, MI

How many homes are available in North Street, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1211-8.3%

Summary: The North Street real estate market had 11 homes for sale in February 2024, a 8.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 33
0.0%
4 77
0.0%
5+ 11
0.0%

Summary: The North Street housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Street, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in North Street in February 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for North Street, MI

How long does it take to sell a home in North Street, MI?

Average Sale Time

Jan 2024Feb 2024CHANGE
27 Days61 Days+124.5%

Summary: Homes in North Street had an average of 61 days on market in Feb 2024, up by 124.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Street has remained consistent over time.

Summary: During February 2024, 4 homes were sold in North Street; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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 28 Days Ago

Newest Listings in North Street, MI

Nearby Markets to North Street, MI

What housing markets are near North Street, MI?