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 September 2023

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.

Housing Prices in Trenton, MI

How much do homes in Trenton, MI cost?

Median Sold Price

$235,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$10,000(+4.4%)

Key Takeaway

Homes in Trenton have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Trenton was $235,000 in September 2024, up 4.4% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $89K$108K
+21.3%
2 $139.9K$153.5K
+9.7%
3 $225K$239.9K
+6.6%
4 $323.4K$325K
0.5%
5+ $330.9K$384K
+16.0%

Summary: Trenton housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.3%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 16%.

Median Sold Price Compared To Nearby Cities

Woodhaven
+6.8%
Trenton
+4.4%
Grosse Ile Township
+3.1%
Grosse Ile
+3.1%
Riverview
0.0%

Housing Supply in Trenton, MI

How many homes are available in Trenton, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
9991-8.1%

Summary: The Trenton real estate market had 91 homes for sale in September 2024, a 8.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 2626
0.0%
3 4939
-20.4%
4 2225
+13.6%
5+ 21
-50.0%

Summary: The Trenton 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 remained the same, 3 bedroom homes decreased by 20.4%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3526-25.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Trenton, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Trenton in September 2024, down by 25.7% month-over-month. Of the 26 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% 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

Sep 2023Sep 2024CHANGE
11 Days29 Days+155.8%

Summary: Homes in Trenton had an average of 29 days on market in Sep 2024, up by 155.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During September 2024, 26 homes were sold in Trenton; 58% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 4% 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 14 Days Ago

Newest Listings in Trenton, MI

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