Is Weidman, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Weidman is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Weidman has remained a Seller's Market.

Key Takeaway

Weidman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Weidman, MI

How much do homes in Weidman, MI cost?

Median Sold Price

$179,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$7,000(+4.1%)

Key Takeaway

Homes in Weidman have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Weidman was $179,000 in February 2024, up 4.1% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $105K-
N/A
2 $119.4K$137.5K
+15.1%
3 $145K$159.5K
+10.0%
4 $257.5K$370K
+43.7%
5+ -$933.3K
N/A

Summary: Weidman housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 43.7%, and 5+ bedroom homes did not change.

Housing Supply in Weidman, MI

How many homes are available in Weidman, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1820+11.1%

Summary: The Weidman real estate market had 20 homes for sale in February 2024, a 11.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 911
+22.2%
4 66
0.0%
5+ 11
0.0%

Summary: The Weidman housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Weidman, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Weidman in February 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Weidman, MI

How long does it take to sell a home in Weidman, MI?

Average Sale Time

Feb 2023Feb 2024CHANGE
105 Days93 Days-11.8%

Summary: Homes in Weidman had an average of 93 days on market in Feb 2024, down by 11.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Weidman are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 5 homes were sold in Weidman; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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