Is Upper West, 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, Upper West has remained a Seller's Market.
Key Takeaway
Upper West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper West, MI
How much do homes in Upper West, MI cost?
Median Sold Price
$85,000
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Upper West have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Upper West was $85,000 in April 2024, down 3.1% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $29.5K | $99.5K | +237.3% |
| 2 Bedrooms | $56K | $50K | -10.7% |
| 3 Bedrooms | $90K | $90K | 0.0% |
| 4 Bedrooms | $140K | $131K | -6.4% |
| 5+ Bedrooms | $175K | $150K | -14.3% |
Summary: Upper West housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 237.3%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 14.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Minock Park | $89.4K | $96K | +7.3% |
| North Rosedale Park | $190K | $189K | -0.5% |
| Rosedale | $170K | $165K | -2.9% |
| Upper West | $87.7K | $85K | -3.1% |
Housing Supply in Upper West, MI
How many homes are available in Upper West, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 578 | 630 | +9.0% |
Summary: The Upper West real estate market had 630 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 86 | 96 | +11.6% |
| 3 Bedrooms | 416 | 455 | +9.4% |
| 4 Bedrooms | 60 | 60 | 0.0% |
| 5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The Upper West housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 114 | 112 | -1.8% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper West, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 112 homes were sold or pending in Upper West in April 2024, down by 1.8% month-over-month. Of the 112 sold homes, 57% were sold under asking, 17% were sold at asking, and 26% were sold over asking.
Days on Market for Upper West, MI
How long does it take to sell a home in Upper West, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 96 Days | 40 Days | -58.3% |
Summary: Homes in Upper West had an average of 40 days on market in Apr 2024, down by 58.3% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper West are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 112 homes were sold in Upper West; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.