Is Denby, 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, Denby was a Seller's Market.
Housing Prices in Denby, MI
How much do homes in Denby, MI cost?
Median Sold Price
$57,500
$54/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Denby was $57,500 in April 2024, up 15% from last year, and the median price per square foot was $54.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60.5K | - | N/A |
2 Bedrooms | $33K | $45K | +36.4% |
3 Bedrooms | $50K | $59.5K | +19.0% |
4 Bedrooms | $71K | $78.2K | +10.2% |
5+ Bedrooms | $145.6K | $35.5K | -75.6% |
Summary: Denby 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 36.4%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 75.6%.
Median Sold Price Compared To Nearby Neighborhoods
Denby | $50K | $57.5K | +15.0% |
Upper East | $50K | $55K | +10.0% |
East English Village | $179K | $182.5K | +2.0% |
Finney | $124.5K | $115.3K | -7.4% |
Morningside | $130K | $107K | -17.7% |
Housing Supply in Denby, MI
How many homes are available in Denby, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
120 | 158 | +31.7% |
Summary: The Denby real estate market had 158 homes for sale in April 2024, a 31.7% 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 | 17 | 28 | +64.7% |
3 Bedrooms | 93 | 117 | +25.8% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Denby 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 64.7%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 19 | +18.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Denby in April 2024, up by 18.8% month-over-month. Of the 19 sold homes, 53% were sold under asking, 37% were sold at asking, and 11% were sold over asking.
Days on Market for Denby, MI
How long does it take to sell a home in Denby, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 59 Days | +81.5% |
Summary: Homes in Denby had an average of 59 days on market in Apr 2024, up by 81.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Denby; 37% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.