Is Stanwood, 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, Stanwood was a Seller's Market.
Key Takeaway
Stanwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Stanwood, MI
How much do homes in Stanwood, MI cost?
Median Sold Price
$289,900
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Stanwood have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Stanwood was $289,900 in April 2024, up 10.4% 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 | - | $185K | N/A |
| 2 Bedrooms | $188K | $183K | -2.7% |
| 3 Bedrooms | $299.9K | $283.9K | -5.3% |
| 4 Bedrooms | $290K | $346.2K | +19.4% |
| 5+ Bedrooms | $275K | $414.5K | +50.7% |
Summary: Stanwood 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 decreased by 2.7%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 50.7%.
Median Sold Price Compared To Nearby Cities
| Stanwood | $262.5K | $289.9K | +10.4% |
| Austin Township | $218.2K | $231K | +5.8% |
| Mecosta Township | $180K | $185K | +2.8% |
Housing Supply in Stanwood, MI
How many homes are available in Stanwood, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 54 | +17.4% |
Summary: The Stanwood real estate market had 54 homes for sale in April 2024, a 17.4% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 20 | 25 | +25.0% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Stanwood 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 25%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stanwood, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Stanwood in April 2024, the same as the previous month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Stanwood, MI
How long does it take to sell a home in Stanwood, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 37 Days | +49.1% |
Summary: Homes in Stanwood had an average of 37 days on market in Apr 2024, up by 49.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Stanwood has remained consistent over time.
Summary: During April 2024, 7 homes were sold in Stanwood; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.