Is Auburn, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Auburn has remained a Seller's Market.
Housing Prices in Auburn, MI
How much do homes in Auburn, MI cost?
Median Sold Price
$330,000
$132/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Auburn was $330,000 in April 2024, up 34.4% from last month, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $275.2K | - | N/A |
4 Bedrooms | $245.5K | $247.7K | +0.9% |
5+ Bedrooms | - | $330K | N/A |
Summary: Auburn housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Auburn | $245.5K | $330K | +34.4% |
Williams Charter Township | $245.5K | $247.7K | +0.9% |
Housing Supply in Auburn, MI
How many homes are available in Auburn, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Summary: The Auburn real estate market had 13 homes for sale in April 2024, a 44.4% 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 | 1 | 0.0% |
3 Bedrooms | 3 | 6 | +100.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Auburn 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Auburn in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Auburn, MI
How long does it take to sell a home in Auburn, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 25 Days | +134.4% |
Summary: Homes in Auburn had an average of 25 days on market in Apr 2024, up by 134.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Auburn; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.