Is North End, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North End has remained a Seller's Market.
Key Takeaway
North End is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North End, MI
How much do homes in North End, MI cost?
Median Sold Price
$237,450
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North End have sold for 19.9% more than they did a year ago.
Summary: The median home sold price in North End was $237,450 in May 2024, up 19.9% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $300K | -20.0% |
| 2 Bedrooms | $355K | $383.7K | +8.1% |
| 3 Bedrooms | $100K | $215K | +115.0% |
| 4 Bedrooms | $190K | $237.4K | +25.0% |
| 5+ Bedrooms | $147.5K | $113.5K | -23.1% |
Summary: North End housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 115%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 23.1%.
Median Sold Price Compared To Nearby Neighborhoods
| North End | $198K | $237.4K | +19.9% |
| Middle Woodward | $235K | $199.9K | -14.9% |
Housing Supply in North End, MI
How many homes are available in North End, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 35 | +12.9% |
Summary: The North End real estate market had 35 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The North End 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 66.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North End, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in North End in May 2024, up by 250.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for North End, MI
How long does it take to sell a home in North End, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 74 Days | +52.3% |
Summary: Homes in North End had an average of 74 days on market in May 2024, up by 52.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in North End are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 7 homes were sold in North End; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
