Is Southside, 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, Southside has remained a Seller's Market.
Key Takeaway
Southside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southside, MI
How much do homes in Southside, MI cost?
Median Sold Price
$137,194
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southside have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Southside was $137,194 in April 2024, up 5.9% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68.4K | $77.5K | +13.2% |
| 2 Bedrooms | $93K | $104.9K | +12.8% |
| 3 Bedrooms | $136K | $150K | +10.3% |
| 4 Bedrooms | $160K | $161K | +0.6% |
| 5+ Bedrooms | $175K | $146K | -16.6% |
Summary: Southside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 16.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Clifford Park | $95K | $123.1K | +29.6% |
| Old Everett | $112.5K | $128K | +13.8% |
| Southside | $129.5K | $137.1K | +5.9% |
Housing Supply in Southside, MI
How many homes are available in Southside, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 222 | 239 | +7.7% |
Summary: The Southside real estate market had 239 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 65 | 70 | +7.7% |
| 3 Bedrooms | 119 | 121 | +1.7% |
| 4 Bedrooms | 27 | 34 | +25.9% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Southside 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 7.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 67 | 73 | +9.0% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southside, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.
Summary: A total of 73 homes were sold or pending in Southside in April 2024, up by 9.0% month-over-month. Of the 73 sold homes, 40% were sold under asking, 15% were sold at asking, and 45% were sold over asking.
Days on Market for Southside, MI
How long does it take to sell a home in Southside, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 26 Days | -5.1% |
Summary: Homes in Southside had an average of 26 days on market in Apr 2024, down by 5.1% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southside are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 73 homes were sold in Southside; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
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.