Is Trenton, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Trenton has remained a Seller's Market.
Housing Prices in Trenton, MI
How much do homes in Trenton, MI cost?
Median Sold Price
$224,949
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Trenton was $224,949 in February 2024, up 4.6% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $90.4K | +6.4% |
2 Bedrooms | $129K | $142.5K | +10.5% |
3 Bedrooms | $219.9K | $227.7K | +3.6% |
4 Bedrooms | $300K | $322.5K | +7.5% |
5+ Bedrooms | $313.9K | $342.5K | +9.1% |
Summary: Trenton housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
Woodhaven | $236K | $253.9K | +7.6% |
Trenton | $215K | $224.9K | +4.6% |
Riverview | $202.5K | $193.7K | -4.3% |
Grosse Ile Township | $365K | $348K | -4.7% |
Grosse Ile | $365K | $348K | -4.7% |
Housing Supply in Trenton, MI
How many homes are available in Trenton, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
49 | 57 | +16.3% |
Summary: The Trenton real estate market had 57 homes for sale in February 2024, a 16.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 13 | 10 | -23.1% |
3 Bedrooms | 22 | 28 | +27.3% |
4 Bedrooms | 13 | 17 | +30.8% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Trenton housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Trenton in February 2024, up by 7.7% month-over-month. Of the 14 sold homes, 21% were sold under asking, 36% were sold at asking, and 43% were sold over asking.
Days on Market for Trenton, MI
How long does it take to sell a home in Trenton, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
27 Days | 26 Days | -3.4% |
Summary: Homes in Trenton had an average of 26 days on market in Feb 2024, down by 3.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 14 homes were sold in Trenton; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.