Is Davisburg, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Davisburg was a Buyer's Market.
Housing Prices in Davisburg, MI
How much do homes in Davisburg, MI cost?
Median Sold Price
$402,500
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Davisburg was $402,500 in April 2024, up 0.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $271K | $253.7K | -6.4% |
3 Bedrooms | $380K | $419.9K | +10.5% |
4 Bedrooms | $470K | $402.5K | -14.4% |
5+ Bedrooms | $482.5K | $600K | +24.4% |
Summary: Davisburg 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 decreased by 6.4%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes increased by 24.4%.
Median Sold Price Compared To Nearby Cities
Groveland Township | $381K | $430K | +12.9% |
Rose Township | $349.9K | $355K | +1.5% |
Davisburg | $399.9K | $402.5K | +0.7% |
Clarkston | $391.9K | $386.1K | -1.5% |
Springfield Charter Township | $391.2K | $370K | -5.4% |
Housing Supply in Davisburg, MI
How many homes are available in Davisburg, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 25 | +4.2% |
Summary: The Davisburg real estate market had 25 homes for sale in April 2024, a 4.2% 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 | 2 | 4 | +100.0% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Davisburg 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 decreased by 20%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Davisburg in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Davisburg, MI
How long does it take to sell a home in Davisburg, MI?
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Davisburg; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.