Is Scotts, 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, Scotts was a Buyer's Market.
Key Takeaway
Scotts is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scotts, MI
How much do homes in Scotts, MI cost?
Median Sold Price
$311,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Scotts have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Scotts was $311,000 in April 2024, up 3.8% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $155K | N/A |
| 2 Bedrooms | $395K | $294.2K | -25.5% |
| 3 Bedrooms | $299K | $296.9K | -0.7% |
| 4 Bedrooms | $289K | $337.5K | +16.8% |
| 5+ Bedrooms | $814.9K | $441.2K | -45.9% |
Summary: Scotts 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 25.5%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 45.9%.
Median Sold Price Compared To Nearby Cities
| Pavilion Township | $272.5K | $309.2K | +13.5% |
| Scotts | $299.5K | $311K | +3.8% |
| Brady Township | $265K | $225K | -15.1% |
Housing Supply in Scotts, MI
How many homes are available in Scotts, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Summary: The Scotts real estate market had 8 homes for sale in April 2024, a 27.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Scotts 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 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Scotts, 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 Scotts in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Scotts, MI
How long does it take to sell a home in Scotts, MI?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Scotts are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Scotts; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
