Is Ellsworth, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Ellsworth has remained a Seller's Market.
Key Takeaway
Ellsworth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellsworth, MI
How much do homes in Ellsworth, MI cost?
Median Sold Price
$1,300,000
$326/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Ellsworth have sold for 358.1% more than they did a month ago.
Summary: The median home sold price in Ellsworth was $1,300,000 in May 2024, up 358.1% from last month, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $289K | - | N/A |
| 3 Bedrooms | - | $812.5K | N/A |
| 4 Bedrooms | $278.5K | - | N/A |
| 5+ Bedrooms | - | $1.3M | N/A |
Summary: Ellsworth housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ellsworth | $283.7K | $1.3M | +358.1% |
| Banks Township | $283.7K | $812.5K | +186.3% |
Housing Supply in Ellsworth, MI
How many homes are available in Ellsworth, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The Ellsworth real estate market had 8 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ellsworth 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellsworth, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Ellsworth in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Ellsworth, MI
How long does it take to sell a home in Ellsworth, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellsworth are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Ellsworth; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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