Is Westnedge Hill, 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, Westnedge Hill has remained a Buyer's Market.
Key Takeaway
Westnedge Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Westnedge Hill, MI
How much do homes in Westnedge Hill, MI cost?
Median Sold Price
$269,500
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Westnedge Hill have sold for 29.3% more than they did a year ago.
Summary: The median home sold price in Westnedge Hill was $269,500 in April 2024, up 29.3% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $77.5K | +3.4% |
| 2 Bedrooms | $150K | $141.2K | -5.9% |
| 3 Bedrooms | $234K | $269.5K | +15.2% |
| 4 Bedrooms | $315K | $298.7K | -5.2% |
| 5+ Bedrooms | $540.5K | $365K | -32.5% |
Summary: Westnedge Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 32.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Westnedge Hill | $208.5K | $269.5K | +29.3% |
| South Westnedge | $175K | $200K | +14.3% |
| Vine | $145K | $162.4K | +12.0% |
| Oakland / Winchell | $295K | $315.2K | +6.9% |
| Southside | $131.5K | $134K | +1.9% |
Housing Supply in Westnedge Hill, MI
How many homes are available in Westnedge Hill, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Summary: The Westnedge Hill real estate market had 13 homes for sale in April 2024, a 62.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Westnedge Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Westnedge Hill, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Westnedge Hill in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Westnedge Hill, MI
How long does it take to sell a home in Westnedge Hill, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westnedge Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Westnedge Hill; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
