Is Stevensville, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stevensville is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Stevensville has remained a Seller's Market.

Key Takeaway

Stevensville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Stevensville, MI

How much do homes in Stevensville, MI cost?

Median Sold Price

$339,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$69,000(+25.6%)

Key Takeaway

Homes in Stevensville have sold for 25.6% more than they did a year ago.

Summary: The median home sold price in Stevensville was $339,000 in April 2024, up 25.6% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $158K$368.5K
+133.2%
2 $169K$262K
+55.0%
3 $250K$293.5K
+17.4%
4 $365K$445K
+21.9%
5+ $507K$630.5K
+24.4%

Summary: Stevensville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 133.2%, 2 bedroom homes increased by 55%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 24.4%.

Median Sold Price Compared To Nearby Cities

Stevensville
+25.6%
Lincoln Charter Township
+1.7%

Housing Supply in Stevensville, MI

How many homes are available in Stevensville, MI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3647+30.6%

Summary: The Stevensville real estate market had 47 homes for sale in April 2024, a 30.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 99
0.0%
4 1621
+31.3%
5+ 412
+200.0%

Summary: The Stevensville 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 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stevensville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Stevensville in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for Stevensville, MI

How long does it take to sell a home in Stevensville, MI?

Average Sale Time

Apr 2023Apr 2024CHANGE
28 Days58 Days+107.7%

Summary: Homes in Stevensville had an average of 58 days on market in Apr 2024, up by 107.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Stevensville has remained consistent over time.

Summary: During April 2024, 8 homes were sold in Stevensville; 13% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 9 Days Ago

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