Is Upper East, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Upper East was a Seller's Market.
Housing Prices in Upper East, MI
How much do homes in Upper East, MI cost?
Median Sold Price
$54,250
$50/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Upper East was $54,250 in March 2024, up 8.5% from last year, and the median price per square foot was $50.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60.5K | $5K | -91.7% |
2 Bedrooms | $36K | $39.2K | +9.0% |
3 Bedrooms | $50K | $55.3K | +10.8% |
4 Bedrooms | $60.7K | $70.2K | +15.6% |
5+ Bedrooms | $55K | $70K | +27.3% |
Summary: Upper East housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 91.7%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 27.3%.
Median Sold Price Compared To Nearby Neighborhoods
Von Steuben | $46K | $55K | +19.6% |
Mohican Regent | $75.5K | $84.5K | +11.9% |
Upper East | $50K | $54.2K | +8.5% |
Mount Olivet | $49K | $53K | +8.2% |
Burbank | $50K | $52.6K | +5.2% |
Housing Supply in Upper East, MI
How many homes are available in Upper East, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
376 | 418 | +11.2% |
Summary: The Upper East real estate market had 418 homes for sale in March 2024, a 11.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 58 | 71 | +22.4% |
3 Bedrooms | 284 | 311 | +9.5% |
4 Bedrooms | 28 | 27 | -3.6% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Upper East housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 41 | -16.3% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Upper East in March 2024, down by 16.3% month-over-month. Of the 41 sold homes, 80% were sold under asking, 5% were sold at asking, and 15% were sold over asking.
Days on Market for Upper East, MI
How long does it take to sell a home in Upper East, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
73 Days | 60 Days | -18.0% |
Summary: Homes in Upper East had an average of 60 days on market in Mar 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 41 homes were sold in Upper East; 44% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.