Is Finney, 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, Finney was a Seller's Market.
Housing Prices in Finney, MI
How much do homes in Finney, MI cost?
Median Sold Price
$115,333
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Finney was $115,333 in April 2024, down 7.4% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $15K | $36.5K | +143.3% |
2 Bedrooms | $65K | $65K | 0.0% |
3 Bedrooms | $120K | $117K | -2.5% |
4 Bedrooms | $160K | $135.5K | -15.3% |
5+ Bedrooms | $159K | $155K | -2.5% |
Summary: Finney housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 143.3%, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Neighborhoods
Denby | $50K | $57.5K | +15.0% |
East English Village | $179K | $182.5K | +2.0% |
Finney | $124.5K | $115.3K | -7.4% |
Morningside | $130K | $107K | -17.7% |
Housing Supply in Finney, MI
How many homes are available in Finney, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
138 | 144 | +4.3% |
Summary: The Finney real estate market had 144 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 16 | 16 | 0.0% |
3 Bedrooms | 93 | 93 | 0.0% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Finney housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 24 | +9.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Finney in April 2024, up by 9.1% month-over-month. Of the 24 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for Finney, MI
How long does it take to sell a home in Finney, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
92 Days | 56 Days | -38.9% |
Summary: Homes in Finney had an average of 56 days on market in Apr 2024, down by 38.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Finney; 46% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.