Is Metamora, 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, Metamora has remained a Seller's Market.
Housing Prices in Metamora, MI
How much do homes in Metamora, MI cost?
Median Sold Price
$362,500
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Metamora was $362,500 in April 2024, down 4.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $150K | N/A |
2 Bedrooms | $224K | $121K | -46.0% |
3 Bedrooms | $352.5K | $340K | -3.5% |
4 Bedrooms | $402.1K | $472.7K | +17.6% |
5+ Bedrooms | $785K | $680K | -13.4% |
Summary: Metamora 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 46%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 13.4%.
Median Sold Price Compared To Nearby Cities
Metamora | $380K | $362.5K | -4.6% |
Metamora Township | $389.9K | $367.5K | -5.7% |
Housing Supply in Metamora, MI
How many homes are available in Metamora, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 34 | +9.7% |
Summary: The Metamora real estate market had 34 homes for sale in April 2024, a 9.7% 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 | 1 | 3 | +200.0% |
3 Bedrooms | 21 | 20 | -4.8% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Metamora 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 200%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Metamora in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Metamora, MI
How long does it take to sell a home in Metamora, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
75 Days | 68 Days | -8.4% |
Summary: Homes in Metamora had an average of 68 days on market in Apr 2024, down by 8.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Metamora; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.