Is Walker, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Walker has remained a Seller's Market.
Housing Prices in Walker, MI
How much do homes in Walker, MI cost?
Median Sold Price
$321,250
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Walker was $321,250 in March 2024, up 7.1% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $246K | $160K | -35.0% |
2 Bedrooms | $245K | $258.5K | +5.5% |
3 Bedrooms | $300K | $320K | +6.7% |
4 Bedrooms | $340K | $348.2K | +2.4% |
5+ Bedrooms | $473.5K | $497.4K | +5.1% |
Summary: Walker housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Grand Rapids | $260.2K | $299.2K | +15.0% |
Grandville | $302.6K | $340K | +12.3% |
Wyoming | $234.8K | $258.5K | +10.1% |
Walker | $300K | $321.2K | +7.1% |
Housing Supply in Walker, MI
How many homes are available in Walker, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 34 | +21.4% |
Summary: The Walker real estate market had 34 homes for sale in March 2024, a 21.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 16 | 15 | -6.3% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Walker housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Walker in March 2024, down by 23.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% were sold over asking.
Days on Market for Walker, MI
How long does it take to sell a home in Walker, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 19 Days | -28.3% |
Summary: Homes in Walker had an average of 19 days on market in Mar 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Walker; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.