Is Stockbridge, 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, Stockbridge has remained a Seller's Market.
Housing Prices in Stockbridge, MI
How much do homes in Stockbridge, MI cost?
Median Sold Price
$272,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Stockbridge was $272,000 in April 2024, up 13.6% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | - | N/A |
2 Bedrooms | $185K | $272K | +47.0% |
3 Bedrooms | $239.4K | $256K | +6.9% |
4 Bedrooms | $253K | $309K | +22.1% |
5+ Bedrooms | $274.9K | $276K | 0.4% |
Summary: Stockbridge 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 47%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
Stockbridge | $239.4K | $272K | +13.6% |
Stockbridge Township | $239.9K | $272K | +13.4% |
Housing Supply in Stockbridge, MI
How many homes are available in Stockbridge, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 16 | -27.3% |
Summary: The Stockbridge real estate market had 16 homes for sale in April 2024, a 27.3% decrease 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 | 7 | 7 | 0.0% |
3 Bedrooms | 7 | 5 | -28.6% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Stockbridge 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Stockbridge in April 2024, down by 22.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Stockbridge, MI
How long does it take to sell a home in Stockbridge, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
136 Days | 47 Days | -65.6% |
Summary: Homes in Stockbridge had an average of 47 days on market in Apr 2024, down by 65.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Stockbridge; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.