Is Auburn Hills, 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, Auburn Hills has remained a Seller's Market.
Housing Prices in Auburn Hills, MI
How much do homes in Auburn Hills, MI cost?
Median Sold Price
$268,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Auburn Hills was $268,000 in April 2024, up 8.6% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $93.5K | +3.9% |
2 Bedrooms | $220K | $239K | +8.6% |
3 Bedrooms | $255K | $270K | +5.9% |
4 Bedrooms | $400K | $350K | -12.5% |
5+ Bedrooms | $260K | $335K | +28.8% |
Summary: Auburn Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 28.8%.
Median Sold Price Compared To Nearby Cities
Pontiac | $122.4K | $135K | +10.3% |
Auburn Hills | $246.7K | $268K | +8.6% |
Rochester Hills | $396.1K | $410.6K | +3.7% |
Oakland Charter Township | $590K | $596.5K | +1.1% |
Orion Charter Township | $376.5K | $373.1K | -0.9% |
Housing Supply in Auburn Hills, MI
How many homes are available in Auburn Hills, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 47 | -11.3% |
Summary: The Auburn Hills real estate market had 47 homes for sale in April 2024, a 11.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 18 | 15 | -16.7% |
3 Bedrooms | 24 | 21 | -12.5% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Auburn Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 10 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Auburn Hills in April 2024, down by 50.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Auburn Hills, MI
How long does it take to sell a home in Auburn Hills, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 16 Days | +302.5% |
Summary: Homes in Auburn Hills had an average of 16 days on market in Apr 2024, up by 302.5% compared to last year.
Breakdown of Home Sale Times
9 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, 10 homes were sold in Auburn Hills; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.