Is Burton, 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, Burton has remained a Seller's Market.
Housing Prices in Burton, MI
How much do homes in Burton, MI cost?
Median Sold Price
$160,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Burton was $160,000 in April 2024, up 4.8% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $36.3K | $33.5K | -7.7% |
2 Bedrooms | $105K | $100K | -4.8% |
3 Bedrooms | $170K | $170.6K | 0.4% |
4 Bedrooms | $244.9K | $224.9K | -8.2% |
5+ Bedrooms | - | $159K | N/A |
Summary: Burton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Genesee Charter Township | $140K | $155K | +10.7% |
Burton | $152.6K | $160K | +4.8% |
Flint | $74.9K | $77.6K | +3.6% |
Richfield Township | $233.5K | $241.4K | +3.4% |
Davison Township | $239.8K | $242.8K | +1.3% |
Housing Supply in Burton, MI
How many homes are available in Burton, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 91 | +9.6% |
Summary: The Burton real estate market had 91 homes for sale in April 2024, a 9.6% increase 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 | 25 | 24 | -4.0% |
3 Bedrooms | 46 | 51 | +10.9% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Burton 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 4%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 28 | +7.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Burton in April 2024, up by 7.7% month-over-month. Of the 28 sold homes, 36% were sold under asking, 25% were sold at asking, and 39% were sold over asking.
Days on Market for Burton, MI
How long does it take to sell a home in Burton, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 35 Days | -36.0% |
Summary: Homes in Burton had an average of 35 days on market in Apr 2024, down by 36% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Burton; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.