Is South East End, 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 End has remained a Seller's Market.
Key Takeaway
South East End is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South East End, MI
How much do homes in South East End, MI cost?
Median Sold Price
$240,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South East End have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in South East End was $240,000 in April 2024, up 10.3% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92K | - | N/A |
| 2 Bedrooms | $186.5K | $213K | +14.2% |
| 3 Bedrooms | $221K | $245K | +10.9% |
| 4 Bedrooms | $250K | $265K | +6.0% |
| 5+ Bedrooms | $210K | $258K | +22.9% |
Summary: South East End 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 14.2%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Oakdale | $182.5K | $210.9K | +15.6% |
| Baxter | $200K | $222.5K | +11.3% |
| South East End | $217.5K | $240K | +10.3% |
Housing Supply in South East End, MI
How many homes are available in South East End, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 40 | +14.3% |
Summary: The South East End real estate market had 40 homes for sale in April 2024, a 14.3% 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 19 | 23 | +21.1% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The South East End 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 increased by 21.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South East End, you could pay more than the asking price. 76.5% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in South East End in April 2024, up by 21.4% month-over-month. Of the 17 sold homes, 12% were sold under asking, 12% were sold at asking, and 76% were sold over asking.
Days on Market for South East End, MI
How long does it take to sell a home in South East End, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 7 Days | -73.1% |
Summary: Homes in South East End had an average of 7 days on market in Apr 2024, down by 73.1% compared to last year.
Breakdown of Home Sale Times
16 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 South East End are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in South East End; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
