Is Utica, 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, Utica was a Seller's Market.
Housing Prices in Utica, MI
How much do homes in Utica, MI cost?
Median Sold Price
$486,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Utica was $486,000 in April 2024, up 79.7% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $92.3K | $73K | -20.9% |
2 Bedrooms | $92.3K | $217.4K | +135.6% |
3 Bedrooms | $272K | $417.5K | +53.5% |
4 Bedrooms | $645K | $652.2K | +1.1% |
5+ Bedrooms | $525.4K | $841.4K | +60.1% |
Summary: Utica housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.9%, 2 bedroom homes increased by 135.6%, 3 bedroom homes increased by 53.5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 60.1%.
Median Sold Price Compared To Nearby Cities
Utica | $270.5K | $486K | +79.7% |
Sterling Heights | $279.4K | $295K | +5.6% |
Shelby Charter Township | $334.5K | $339.9K | +1.6% |
Housing Supply in Utica, MI
How many homes are available in Utica, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 34 | +25.9% |
Summary: The Utica real estate market had 34 homes for sale in April 2024, a 25.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 7 | 13 | +85.7% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Utica housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 85.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Utica in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Utica, MI
How long does it take to sell a home in Utica, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
141 Days | 53 Days | -61.8% |
Summary: Homes in Utica had an average of 53 days on market in Apr 2024, down by 61.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Utica; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.