Is Swartz Creek, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Swartz Creek is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Swartz Creek, MI

How much do homes in Swartz Creek, MI cost?

Median Sold Price

$237,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$16,144(+7.3%)

Key Takeaway

Homes in Swartz Creek have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Swartz Creek was $237,000 in September 2024, up 7.3% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $242.5K-
N/A
2 $200K$211.9K
+5.9%
3 $207K$227.5K
+9.9%
4 $267.4K$279K
+4.3%
5+ $287.9K$295.4K
+2.6%

Summary: Swartz Creek housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Cities

Swartz Creek
+7.3%
Gaines Township
+1.6%
Clayton Charter Township
-1.0%
Flint Charter Township
-5.8%

Housing Supply in Swartz Creek, MI

How many homes are available in Swartz Creek, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8483-1.2%

Summary: The Swartz Creek real estate market had 83 homes for sale in September 2024, a 1.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 811
+37.5%
3 5041
-18.0%
4 2428
+16.7%
5+ 23
+50.0%

Summary: The Swartz Creek 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 increased by 37.5%, 3 bedroom homes decreased by 18%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2315-34.8%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Swartz Creek, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Swartz Creek in September 2024, down by 34.8% month-over-month. Of the 15 sold homes, 27% were sold under asking, 33% were sold at asking, and 40% 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

Sep 2023Sep 2024CHANGE
13 Days16 Days+23.7%

Summary: Homes in Swartz Creek had an average of 16 days on market in Sep 2024, up by 23.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Swartz Creek are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 15 homes were sold in Swartz Creek; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% 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

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