Is Tustin, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Tustin has remained a Seller's Market.
Key Takeaway
Tustin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tustin, MI
How much do homes in Tustin, MI cost?
Median Sold Price
$180,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tustin have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Tustin was $180,000 in April 2024, up 9.1% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $52.9K | - | N/A |
| 2 Bedrooms | $148.5K | $170K | +14.5% |
| 3 Bedrooms | $244K | $210K | -13.9% |
| 4 Bedrooms | $211.5K | $180K | -14.9% |
| 5+ Bedrooms | $475K | $506K | +6.5% |
Summary: Tustin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.5%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Tustin | $165K | $180K | +9.1% |
| Burdell Township | $215.7K | $165K | -23.5% |
Housing Supply in Tustin, MI
How many homes are available in Tustin, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Summary: The Tustin real estate market had 11 homes for sale in April 2024, a 57.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Tustin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tustin, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Tustin in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Tustin, MI
How long does it take to sell a home in Tustin, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 4 Days | 25 Days | +533.3% |
Summary: Homes in Tustin had an average of 25 days on market in Apr 2024, up by 533.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tustin has remained consistent over time.
Summary: During April 2024, 3 homes were sold in Tustin; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
