Is Warrendale, 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, Warrendale has remained a Seller's Market.
Key Takeaway
Warrendale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warrendale, MI
How much do homes in Warrendale, MI cost?
Median Sold Price
$61,500
$66/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Warrendale have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Warrendale was $61,500 in April 2024, up 13.9% from last year, and the median price per square foot was $66.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $45K | $52.5K | +16.7% |
| 3 Bedrooms | $55K | $63K | +14.5% |
| 4 Bedrooms | $70K | $96K | +37.1% |
| 5+ Bedrooms | - | $93K | N/A |
Summary: Warrendale 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 16.7%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 37.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Warrendale | $54K | $61.5K | +13.9% |
| Weatherby / Franklin Park | $50K | $55K | +10.0% |
| Cody / Rouge | $108K | $118K | +9.3% |
| Franklin Park | $53K | $55K | +3.8% |
Housing Supply in Warrendale, MI
How many homes are available in Warrendale, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 89 | 109 | +22.5% |
Summary: The Warrendale real estate market had 109 homes for sale in April 2024, a 22.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 21 | 19 | -9.5% |
| 3 Bedrooms | 62 | 85 | +37.1% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Warrendale 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 decreased by 9.5%, 3 bedroom homes increased by 37.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 26 | +36.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warrendale, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Warrendale in April 2024, up by 36.8% month-over-month. Of the 26 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% were sold over asking.
Days on Market for Warrendale, MI
How long does it take to sell a home in Warrendale, MI?
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Warrendale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 26 homes were sold in Warrendale; 69% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
