Is Comstock Park, 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, Comstock Park has remained a Seller's Market.
Key Takeaway
Comstock Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Comstock Park, MI
How much do homes in Comstock Park, MI cost?
Median Sold Price
$301,750
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Comstock Park have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Comstock Park was $301,750 in April 2024, up 5.2% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | $177K | +20.0% |
| 2 Bedrooms | $225K | $234.5K | +4.2% |
| 3 Bedrooms | $288K | $301.2K | +4.6% |
| 4 Bedrooms | $335K | $326K | -2.7% |
| 5+ Bedrooms | $365K | $360K | -1.4% |
Summary: Comstock Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Alpine Township | $257.5K | $297.5K | +15.5% |
| Comstock Park | $286.9K | $301.7K | +5.2% |
| Plainfield Charter Township | $345K | $360.1K | +4.4% |
| Algoma Township | $399.9K | $410K | +2.5% |
| Belmont | $440.5K | $444.9K | +1.0% |
Housing Supply in Comstock Park, MI
How many homes are available in Comstock Park, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 26 | +52.9% |
Summary: The Comstock Park real estate market had 26 homes for sale in April 2024, a 52.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Comstock Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Comstock Park, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Comstock Park in April 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Comstock Park, MI
How long does it take to sell a home in Comstock Park, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 10 Days | +23.7% |
Summary: Homes in Comstock Park had an average of 10 days on market in Apr 2024, up by 23.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Comstock Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Comstock Park; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
