Is Swartz Creek, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Swartz Creek has remained a Seller's Market.
Housing Prices in Swartz Creek, MI
How much do homes in Swartz Creek, MI cost?
Median Sold Price
$230,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Swartz Creek was $230,000 in March 2024, up 9.5% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $179.5K | $209.9K | +16.9% |
3 Bedrooms | $199.4K | $218K | +9.3% |
4 Bedrooms | $254.9K | $279.9K | +9.8% |
5+ Bedrooms | $287.9K | $292K | +1.4% |
Summary: Swartz Creek housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
Swartz Creek | $209.9K | $230K | +9.5% |
Clayton Charter Township | $232K | $225K | -3.0% |
Gaines Township | $252.5K | $235.4K | -6.8% |
Flint Charter Township | $102.3K | $80K | -21.8% |
Housing Supply in Swartz Creek, MI
How many homes are available in Swartz Creek, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
72 | 65 | -9.7% |
Summary: The Swartz Creek real estate market had 65 homes for sale in March 2024, a 9.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 47 | 42 | -10.6% |
4 Bedrooms | 16 | 11 | -31.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Swartz Creek housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 21 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Swartz Creek in March 2024, the same as the previous month. Of the 21 sold homes, 33% were sold under asking, 19% were sold at asking, and 48% were sold over asking.
Days on Market for Swartz Creek, MI
How long does it take to sell a home in Swartz Creek, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 31 Days | -56.3% |
Summary: Homes in Swartz Creek had an average of 31 days on market in Mar 2024, down by 56.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Swartz Creek; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.