Is Ypsilanti, 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, Ypsilanti has remained a Seller's Market.
Key Takeaway
Ypsilanti is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ypsilanti, MI
How much do homes in Ypsilanti, MI cost?
Median Sold Price
$275,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ypsilanti have sold for 3% more than they did a year ago.
Summary: The median home sold price in Ypsilanti was $275,000 in April 2024, up 3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106.2K | $118K | +11.1% |
| 2 Bedrooms | $195K | $196K | 0.5% |
| 3 Bedrooms | $260K | $259.3K | -0.3% |
| 4 Bedrooms | $350.5K | $370K | +5.6% |
| 5+ Bedrooms | $355K | $386.6K | +8.9% |
Summary: Ypsilanti housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
| Superior Charter Township | $322.9K | $352.5K | +9.1% |
| Ypsilanti Charter Township | $265K | $275K | +3.8% |
| Ypsilanti | $267K | $275K | +3.0% |
Housing Supply in Ypsilanti, MI
How many homes are available in Ypsilanti, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 193 | 219 | +13.5% |
Summary: The Ypsilanti real estate market had 219 homes for sale in April 2024, a 13.5% 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 | 38 | 50 | +31.6% |
| 3 Bedrooms | 96 | 111 | +15.6% |
| 4 Bedrooms | 49 | 49 | 0.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Ypsilanti 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 31.6%, 3 bedroom homes increased by 15.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 81 | +37.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ypsilanti, you could pay more than the asking price. 56.8% of homes here sold above asking price last month.
Summary: A total of 81 homes were sold or pending in Ypsilanti in April 2024, up by 37.3% month-over-month. Of the 81 sold homes, 25% were sold under asking, 19% were sold at asking, and 57% were sold over asking.
Days on Market for Ypsilanti, MI
How long does it take to sell a home in Ypsilanti, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 27 Days | -30.5% |
Summary: Homes in Ypsilanti had an average of 27 days on market in Apr 2024, down by 30.5% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ypsilanti are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 81 homes were sold in Ypsilanti; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.