Is Evergreen, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Evergreen was a Seller's Market.
Key Takeaway
Evergreen is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Evergreen, MI
How much do homes in Evergreen, MI cost?
Median Sold Price
$75,500
$74/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Evergreen have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Evergreen was $75,500 in May 2024, up 3.4% from last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37K | - | N/A |
| 2 Bedrooms | $40K | $50K | +25.0% |
| 3 Bedrooms | $75K | $82.2K | +9.7% |
| 4 Bedrooms | $121.5K | $83K | -31.7% |
| 5+ Bedrooms | $324K | $130K | -59.9% |
Summary: Evergreen housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 31.7%, and 5+ bedroom homes decreased by 59.9%.
Median Sold Price Compared To Nearby Neighborhoods
| East Riverdale | $57K | $99K | +73.7% |
| North Rosedale Park | $187.5K | $194.2K | +3.6% |
| Evergreen | $73K | $75.5K | +3.4% |
| Upper West | $84.9K | $85K | 0.0% |
| Riverdale | $66.5K | $66K | -0.8% |
Housing Supply in Evergreen, MI
How many homes are available in Evergreen, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 131 | 137 | +4.6% |
Summary: The Evergreen real estate market had 137 homes for sale in May 2024, a 4.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 27 | 31 | +14.8% |
| 3 Bedrooms | 94 | 95 | +1.1% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Evergreen housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 20 | -31.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Evergreen, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Evergreen in May 2024, down by 31.0% month-over-month. Of the 20 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for Evergreen, MI
How long does it take to sell a home in Evergreen, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 51 Days | 39 Days | -24.0% |
Summary: Homes in Evergreen had an average of 39 days on market in May 2024, down by 24% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Evergreen are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Evergreen; 65% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
