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

Housing Market Conditions



Gauge showing Yale is a seller's market


Difference Since August 2022

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

Key Takeaway

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

Housing Prices

How much do homes in Yale, MI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Yale have sold for 19.1% less than they did a year ago.

Summary: The median home sold price in Yale was $125,936 in August 2023, down 19.1% from last year, and the median price per square foot was $79.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 --
2 $155.7K$57.5K
3 $150K$109.2K
4 $185K$168K
5+ --

Summary: Yale housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 63.1%, 3 bedroom homes decreased by 27.2%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes did not change.

Housing Supply

How many homes are available in Yale, MI?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Yale real estate market had 10 homes for sale in August 2023, a 25.0% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
2 00
3 46
4 44
5+ 00

Summary: The Yale housing inventory by bedroom type for August 2023 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Yale, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Yale in August 2023, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
22 Days177 Days+706.8%

Summary: Homes in Yale had an average of 177 days on market in Aug 2023, up by 706.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2023, 2 homes were sold in Yale; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 25 Days Ago

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