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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Taylor is a seller's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Taylor, MI cost?

Median Sold Price

$150,000

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$12,500(+9.1%)

Key Takeaway

Homes in Taylor have sold for 9.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $49.9K$118K
+136.2%
2 $94.9K$105K
+10.6%
3 $144.1K$155.9K
+8.2%
4 $179.5K$215K
+19.8%
5+ $245K$277K
+13.1%

Median Sold Price Compared To Nearby Cities

Southgate
+9.3%
Taylor
+9.1%
Brownstown Charter Township
+7.9%
Dearborn Heights
+6.6%
Allen Park
+2.9%

How many homes are available in Taylor, MI?

Number of Homes For Sale

Oct 2022Nov 2022%
225231+2.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 4433
-25.0%
3 139154
+10.8%
4 3439
+14.7%
5+ 74
-42.9%

Number of Homes Sold

Oct 2022Nov 2022%
5952-11.9%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Taylor, you may be able to get a good deal. 34.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
17 Days20 Days+17.6%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Taylor, MI

Taylor, MI has 231 homes on the market. The number of listings in Taylor, MI increased by 2.7% between October 2022 and November 2022. Listings spent 20 days on the market in November 2022, and had a median list price of $150,000 during the same period. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 136.2%, the cost of 2 bedrooms properties went up by 10.6%, the cost of 3 bedrooms properties went up by 8.2%, prices of 4 bedrooms properties went up by 19.8%, 5 bedrooms properties became 13.1% more expensive. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 25% less available, volume of 3 bedrooms homes went up by 10.8%, the quantity of 4 bedrooms homes went up by 14.7%, 5 bedrooms homes became 42.9% less available. Taylor, MI housing market in November 2022 saw over 18 listings sold above listed price, more than 16 sold at listed price and over 18 sold below.

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