Is Coloma, 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, Coloma has remained a Seller's Market.
Housing Prices in Coloma, MI
How much do homes in Coloma, MI cost?
Median Sold Price
$249,900
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Coloma was $249,900 in April 2024, up 31.5% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | - | N/A |
2 Bedrooms | $173K | $220K | +27.2% |
3 Bedrooms | $183K | $249.9K | +36.6% |
4 Bedrooms | $287.4K | $299.9K | +4.3% |
5+ Bedrooms | $258.9K | $473K | +82.7% |
Summary: Coloma housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 36.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 82.7%.
Median Sold Price Compared To Nearby Cities
Coloma | $190K | $249.9K | +31.5% |
Coloma Charter Township | $210K | $249.9K | +19.0% |
Housing Supply in Coloma, MI
How many homes are available in Coloma, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 41 | +5.1% |
Summary: The Coloma real estate market had 41 homes for sale in April 2024, a 5.1% 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 | 13 | 10 | -23.1% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Coloma 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 decreased by 23.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Coloma in April 2024, up by 40.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 7% were sold at asking, and 50% were sold over asking.
Days on Market for Coloma, MI
How long does it take to sell a home in Coloma, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 26 Days | +35.8% |
Summary: Homes in Coloma had an average of 26 days on market in Apr 2024, up by 35.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Coloma; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.