Is Westside, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Westside was a Seller's Market.
Housing Prices in Westside, MI
How much do homes in Westside, MI cost?
Median Sold Price
$125,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Westside was $125,000 in April 2024, up 19.2% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $134.5K | - | N/A |
2 Bedrooms | $70.5K | $84K | +19.1% |
3 Bedrooms | $113.6K | $130K | +14.4% |
4 Bedrooms | $151K | $145K | -4.0% |
5+ Bedrooms | $109K | $189.9K | +74.3% |
Summary: Westside 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 19.1%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 74.3%.
Median Sold Price Compared To Nearby Neighborhoods
Westside | $104.8K | $125K | +19.2% |
Downtown Lansing | $174K | $146.2K | -15.9% |
Housing Supply in Westside, MI
How many homes are available in Westside, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 66 | +3.1% |
Summary: The Westside real estate market had 66 homes for sale in April 2024, a 3.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 31 | 28 | -9.7% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Westside 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 13.3%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 11 | -38.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Westside in April 2024, down by 38.9% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for Westside, MI
How long does it take to sell a home in Westside, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 53 Days | +233.4% |
Summary: Homes in Westside had an average of 53 days on market in Apr 2024, up by 233.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Westside; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.