Is Snow Woods, 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, Snow Woods has remained a Seller's Market.
Key Takeaway
Snow Woods is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Snow Woods, MI
How much do homes in Snow Woods, MI cost?
Median Sold Price
$224,500
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Snow Woods have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Snow Woods was $224,500 in April 2024, up 8.1% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $149.2K | $159K | +6.5% |
| 3 Bedrooms | $208K | $221.5K | +6.5% |
| 4 Bedrooms | $231K | $237K | +2.6% |
| 5+ Bedrooms | $332.5K | $280K | -15.8% |
Summary: Snow Woods 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 6.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 15.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Duvall / Edison | $214K | $248.9K | +16.3% |
| Snow Woods | $207.6K | $224.5K | +8.1% |
| Southwest | $185K | $200K | +8.1% |
Housing Supply in Snow Woods, MI
How many homes are available in Snow Woods, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The Snow Woods real estate market had 15 homes for sale in April 2024, a 15.4% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Snow Woods 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Snow Woods, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Snow Woods in April 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Snow Woods, MI
How long does it take to sell a home in Snow Woods, MI?
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Snow Woods are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Snow Woods; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
