Is South West Area Neighbors, 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, South West Area Neighbors was a Seller's Market.
Housing Prices in South West Area Neighbors, MI
How much do homes in South West Area Neighbors, MI cost?
Median Sold Price
$232,500
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South West Area Neighbors was $232,500 in April 2024, up 26.7% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $144.9K | - | N/A |
2 Bedrooms | $173.5K | $174.7K | +0.7% |
3 Bedrooms | $178.5K | $241K | +35.0% |
4 Bedrooms | $230K | $273.5K | +18.9% |
5+ Bedrooms | - | $217.7K | N/A |
Summary: South West Area Neighbors 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 0.7%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
South West Area Neighbors | $183.5K | $232.5K | +26.7% |
Heartside | $389.9K | $454K | +16.4% |
Belknap Lookout | $220.5K | $254.5K | +15.4% |
John Ball Park | $250K | $285K | +14.0% |
Black Hills | $188K | $203K | +8.0% |
Housing Supply in South West Area Neighbors, MI
How many homes are available in South West Area Neighbors, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Summary: The South West Area Neighbors real estate market had 8 homes for sale in April 2024, a 60.0% 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 | 0 | 2 | +100.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South West Area Neighbors 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in South West Area Neighbors in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for South West Area Neighbors, MI
How long does it take to sell a home in South West Area Neighbors, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 4 Days | -69.2% |
Summary: Homes in South West Area Neighbors had an average of 4 days on market in Apr 2024, down by 69.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in South West Area Neighbors; 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.