Is Linden, 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, Linden has remained a Seller's Market.
Key Takeaway
Linden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Linden, MI
How much do homes in Linden, MI cost?
Median Sold Price
$340,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Linden have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Linden was $340,000 in May 2024, up 6.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58K | $266.5K | +359.5% |
| 2 Bedrooms | $260K | $260K | 0.0% |
| 3 Bedrooms | $306K | $329K | +7.5% |
| 4 Bedrooms | $353.5K | $390K | +10.3% |
| 5+ Bedrooms | $405K | $697.5K | +72.2% |
Summary: Linden housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 359.5%, 2 bedroom homes did not change, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 72.2%.
Median Sold Price Compared To Nearby Cities
| Linden | $319.6K | $340K | +6.4% |
| Fenton Charter Township | $325K | $340.2K | +4.7% |
Housing Supply in Linden, MI
How many homes are available in Linden, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 93 | +19.2% |
Summary: The Linden real estate market had 93 homes for sale in May 2024, a 19.2% 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 | 6 | 10 | +66.7% |
| 3 Bedrooms | 44 | 45 | +2.3% |
| 4 Bedrooms | 24 | 32 | +33.3% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Linden 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 increased by 2.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Linden, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Linden in May 2024, down by 4.8% month-over-month. Of the 20 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Linden, MI
How long does it take to sell a home in Linden, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 36 Days | +23.7% |
Summary: Homes in Linden had an average of 36 days on market in May 2024, up by 23.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Linden are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Linden; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
