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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beulah is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Beulah was a Buyer's Market.

Key Takeaway

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

Housing Prices in Beulah, MI

How much do homes in Beulah, MI cost?

Median Sold Price

$850,000

$474/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$528,500(+164.4%)

Key Takeaway

Homes in Beulah have sold for 164.4% more than they did a month ago.

Summary: The median home sold price in Beulah was $850,000 in April 2024, up 164.4% from last month, and the median price per square foot was $474.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$107K
N/A
3 $321.5K$850K
+164.4%
4 -$1.0M
N/A
5+ --
N/A

Summary: Beulah 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 increased by 164.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Benzonia Township
+440.5%
Beulah
+164.4%
Benzonia
+127.0%

Housing Supply in Beulah, MI

How many homes are available in Beulah, MI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1620+25.0%

Summary: The Beulah real estate market had 20 homes for sale in April 2024, a 25.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 36
+100.0%
3 1011
+10.0%
4 11
0.0%
5+ 22
0.0%

Summary: The Beulah 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 100%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 4 homes were sold or pending in Beulah in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Beulah, MI

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

Average Sale Time

Mar 2024Apr 2024CHANGE
82 Days75 Days-8.8%

Summary: Homes in Beulah had an average of 75 days on market in Apr 2024, down by 8.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 4 homes were sold in Beulah; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 16 Days Ago

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