$3,086 Closing Credit*
$259,900
1,338 SqFt
2 Beds
•1 Full Bath, 1 Partial
Vicki Ashton Hendrixson, Listing Office: Real Estate One-Southgate
Is Taylor, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Taylor has remained a Seller's Market.
Key Takeaway
Taylor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Taylor, MI
How much do homes in Taylor, MI cost?
Median Sold Price
$172,444
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$15,794(+10.1%)
Key Takeaway
Homes in Taylor have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Taylor was $172,444 in September 2024, up 10.1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $56K | $92.5K | +65.2% |
| 2 Bedrooms | $110K | $120K | +9.1% |
| 3 Bedrooms | $156.5K | $178.2K | +13.9% |
| 4 Bedrooms | $267.5K | $287.5K | +7.5% |
| 5+ Bedrooms | $329.4K | $356.5K | +8.2% |
Summary: Taylor housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.2%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
| Dearborn Heights | $180K | $205K | +13.9% |
| Allen Park | $192.6K | $216.9K | +12.6% |
| Southgate | $175K | $194.4K | +11.1% |
| Taylor | $156.6K | $172.4K | +10.1% |
| Brownstown Charter Township | $275K | $300K | +9.1% |
Housing Supply in Taylor, MI
How many homes are available in Taylor, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 218 | 204 | -6.4% |
Summary: The Taylor real estate market had 204 homes for sale in September 2024, a 6.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 45 | 41 | -8.9% |
| 3 Bedrooms | 129 | 120 | -7.0% |
| 4 Bedrooms | 34 | 36 | +5.9% |
| 5+ Bedrooms | 9 | 5 | -44.4% |
Summary: The Taylor housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 44.4%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 65 | 57 | -12.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Taylor, you could pay more than the asking price. 45.6% of homes here sold above asking price last month.
Summary: A total of 57 homes were sold or pending in Taylor in September 2024, down by 12.3% month-over-month. Of the 57 sold homes, 32% were sold under asking, 23% were sold at asking, and 46% were sold over asking.
Days on Market for Taylor, MI
How long does it take to sell a home in Taylor, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 15 Days | 23 Days | +51.3% |
Summary: Homes in Taylor had an average of 23 days on market in Sep 2024, up by 51.3% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Taylor are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 57 homes were sold in Taylor; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% 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.