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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Trenton is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Trenton, MI cost?

Median Sold Price

$199,950

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$14,950(+8.1%)

Key Takeaway

Homes in Trenton have sold for 8.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $75K$85K
+13.3%
2 $97.5K$121K
+24.1%
3 $190K$201.7K
+6.2%
4 $242.5K$285K
+17.5%
5+ $270K$310.4K
+15.0%

Median Sold Price Compared To Nearby Cities

Grosse Ile Township
+12.0%
Grosse Ile
+12.0%
Woodhaven
+9.5%
Trenton
+8.1%
Riverview
-10.0%

How many homes are available in Trenton, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
5964+8.5%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 1216
+33.3%
3 3434
0.0%
4 811
+37.5%
5+ 53
-40.0%

Number of Homes Sold

Jul 2022Aug 2022%
17170.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Trenton, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
13 Days11 Days-15.7%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Trenton 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 Trenton, MI

Trenton, MI has 64 homes on the market. In August 2022 in Trenton, MI there were 8.5% more homes for sale than in July 2022. The median list price of listings available in August 2022 was $199,950, while the average time on the real estate market was 11 days. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 13.3% more expensive, prices of 2 bedrooms properties increased by 24.1%, prices of 3 bedrooms properties increased by 6.2%, the cost of 4 bedrooms properties went up by 17.5%, 5 bedrooms properties became 15% more expensive. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes increased by 33.3%, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes inventory increased by 37.5%, volume of 5 bedrooms homes went down by 40%. While more than 10 listings in Trenton, MI in August 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 5 were sold below.

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