Is South East Community Association, 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, South East Community Association has remained a Seller's Market.
Key Takeaway
South East Community Association is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South East Community Association, MI
How much do homes in South East Community Association, MI cost?
Median Sold Price
$212,500
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South East Community Association have sold for 24.3% more than they did a year ago.
Summary: The median home sold price in South East Community Association was $212,500 in April 2024, up 24.3% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240K | - | N/A |
| 3 Bedrooms | $185K | $205K | +10.8% |
| 4 Bedrooms | $149.9K | $219.2K | +46.3% |
| 5+ Bedrooms | $194K | $227K | +17.0% |
Summary: South East Community Association 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 did not change, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 46.3%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Neighborhoods
| South East Community Association | $171K | $212.5K | +24.3% |
| Heartside | $389.9K | $454K | +16.4% |
| Madison Area | $172.5K | $195K | +13.0% |
| Heritage Hill | $325K | $318.9K | -1.9% |
Housing Supply in South East Community Association, MI
How many homes are available in South East Community Association, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The South East Community Association real estate market had 7 homes for sale in April 2024, a 40.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South East Community Association 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South East Community Association, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in South East Community Association in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for South East Community Association, MI
How long does it take to sell a home in South East Community Association, MI?
Breakdown of Home Sale Times
2 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 South East Community Association are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in South East Community Association; 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.
