Is Van Buren County, 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, Van Buren County has remained a Seller's Market.
Housing Prices in Van Buren County, MI
How much do homes in Van Buren County, MI cost?
Median Sold Price
$285,178
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Van Buren County was $285,178 in April 2024, up 5.3% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $211K | $200K | -5.2% |
2 Bedrooms | $170K | $201.5K | +18.5% |
3 Bedrooms | $236.4K | $252K | +6.6% |
4 Bedrooms | $330K | $342.5K | +3.8% |
5+ Bedrooms | $508.2K | $575K | +13.1% |
Summary: Van Buren County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Counties
Allegan County | $283.9K | $299.9K | +5.7% |
Van Buren County | $270.8K | $285.1K | +5.3% |
Kalamazoo County | $238.1K | $250K | +5.0% |
Cass County | $224.6K | $224.7K | 0.1% |
Housing Supply in Van Buren County, MI
How many homes are available in Van Buren County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
266 | 285 | +7.1% |
Summary: The Van Buren County real estate market had 285 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 4 | +300.0% |
2 Bedrooms | 34 | 35 | +2.9% |
3 Bedrooms | 102 | 101 | -1.0% |
4 Bedrooms | 79 | 89 | +12.7% |
5+ Bedrooms | 50 | 56 | +12.0% |
Summary: The Van Buren County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 12%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 58 | -7.9% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in Van Buren County in April 2024, down by 7.9% month-over-month. Of the 58 sold homes, 47% were sold under asking, 28% were sold at asking, and 26% were sold over asking.
Days on Market for Van Buren County, MI
How long does it take to sell a home in Van Buren County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
86 Days | 41 Days | -51.8% |
Summary: Homes in Van Buren County had an average of 41 days on market in Apr 2024, down by 51.8% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 58 homes were sold in Van Buren County; 60% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.