Is Saint Joseph, 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, Saint Joseph has remained a Seller's Market.
Housing Prices in Saint Joseph, MI
How much do homes in Saint Joseph, MI cost?
Median Sold Price
$287,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Saint Joseph was $287,000 in April 2024, down 0.3% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147.5K | $170.5K | +15.6% |
2 Bedrooms | $224.5K | $240K | +6.9% |
3 Bedrooms | $260K | $281.2K | +8.2% |
4 Bedrooms | $395K | $361.3K | -8.5% |
5+ Bedrooms | $640K | $395K | -38.3% |
Summary: Saint Joseph housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 38.3%.
Median Sold Price Compared To Nearby Cities
Benton Harbor | $129.5K | $180K | +39.0% |
Saint Joseph Charter Township | $240K | $285K | +18.8% |
Saint Joseph | $288K | $287K | -0.3% |
Housing Supply in Saint Joseph, MI
How many homes are available in Saint Joseph, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 55 | +7.8% |
Summary: The Saint Joseph real estate market had 55 homes for sale in April 2024, a 7.8% 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 | 17 | 18 | +5.9% |
3 Bedrooms | 21 | 20 | -4.8% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Saint Joseph 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 5.9%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 21 | +90.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Saint Joseph in April 2024, up by 90.9% month-over-month. Of the 21 sold homes, 67% were sold under asking, 19% were sold at asking, and 14% were sold over asking.
Days on Market for Saint Joseph, MI
How long does it take to sell a home in Saint Joseph, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 49 Days | +86.4% |
Summary: Homes in Saint Joseph had an average of 49 days on market in Apr 2024, up by 86.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Saint Joseph; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.