$134,900
848 SqFt
2 Beds
•1 Full Bath
Joshua Bobbitt, Listing Office: Synergy Realty Group
September 2024
Report Updated 30 Days Ago
Is Southgate, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Southgate has remained a Seller's Market.
How much do homes in Southgate, MI cost?
$194,450
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
Summary: The median home sold price in Southgate was $194,450 in September 2024, up 11.1% from last year, and the median price per square foot was $171.
# BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $103.3K | +29.1% |
2 Bedrooms | $136.4K | $151K | +10.7% |
3 Bedrooms | $180K | $200K | +11.1% |
4 Bedrooms | $283K | $260K | -8.1% |
5+ Bedrooms | $300.5K | $549K | +82.7% |
Summary: Southgate housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.1%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes increased by 82.7%.
Allen Park | $192.6K | $216.9K | +12.6% |
Southgate | $175K | $194.4K | +11.1% |
Wyandotte | $175.3K | $190K | +8.4% |
Lincoln Park | $139.3K | $149.9K | +7.7% |
Riverview | $200K | $200K | 0.0% |
How many homes are available in Southgate, MI?
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
94 | 91 | -3.2% |
Summary: The Southgate real estate market had 91 homes for sale in September 2024, a 3.2% decrease compared to August 2024.
# BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 12 | -29.4% |
3 Bedrooms | 66 | 68 | +3.0% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Southgate housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 29.4%, 3 bedroom homes increased by 3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
35 | 22 | -37.1% |
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Southgate in September 2024, down by 37.1% month-over-month. Of the 22 sold homes, 32% were sold under asking, 14% were sold at asking, and 55% were sold over asking.
How long does it take to sell a home in Southgate, MI?
Sep 2023 | Sep 2024 | CHANGE |
---|---|---|
11 Days | 19 Days | +66.8% |
Summary: Homes in Southgate had an average of 19 days on market in Sep 2024, up by 66.8% compared to last year.
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During September 2024, 22 homes were sold in Southgate; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 30 Days Ago
Local real estate agents are ready to help you find a home here.
Connect With An AgentSell your home with an expert or get the job done on your own.
Sell My HomeGet a customizable mortgage solution based on today's rates.
Get ApprovedWhat homes are available in Southgate, MI?
See More ListingsWhat housing markets are near Southgate, MI?
MLS Disclaimers and Copyright
Based on information from RealComp II Ltd. Previous Previous, and Michigan Regional Information Center LLC for the period 10/01/2022 - 10/01/2024
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 6:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 6:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Popular Cities with Homes for Sale in Michigan
Homes For Sale in Canton, MI
Homes For Sale in Grand Rapids, MI
Homes For Sale in Troy, MI
Homes For Sale in Warren, MI
Homes For Sale in Jackson, MI
Homes For Sale in Livonia, MI
Homes For Sale in Lansing, MI
Homes For Sale in Ann Arbor, MI
Homes For Sale in Royal Oak, MI
Homes For Sale in Macomb, MI
Homes For Sale in Kalamazoo, MI
Homes For Sale in Sterling Heights, MI
Homes For Sale in Battle Creek, MI
Homes For Sale in Flint, MI
Homes For Sale in Dearborn, MI
Homes For Sale in Waterford, MI
Homes For Sale in West Bloomfield, MI
Homes For Sale in Detroit, MI
Homes For Sale in Farmington Hills, MI
Homes For Sale in Rochester Hills, MI
Homes For Sale in Clarkston, MI