Is New Haven, 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, New Haven has remained a Buyer's Market.
Housing Prices in New Haven, MI
How much do homes in New Haven, MI cost?
Median Sold Price
$283,750
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Haven was $283,750 in May 2024, up 3.2% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $210K | $66K | -68.6% |
3 Bedrooms | $262.5K | $269.9K | +2.8% |
4 Bedrooms | $340.5K | $322.8K | -5.2% |
5+ Bedrooms | $235K | $326.2K | +38.8% |
Summary: New Haven housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 68.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 38.8%.
Median Sold Price Compared To Nearby Cities
Lenox Township | $273.5K | $290K | +6.0% |
New Haven | $275K | $283.7K | +3.2% |
Housing Supply in New Haven, MI
How many homes are available in New Haven, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Summary: The New Haven real estate market had 15 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 | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The New Haven 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 decreased by 11.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in New Haven in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for New Haven, MI
How long does it take to sell a home in New Haven, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 13 Days | -38.1% |
Summary: Homes in New Haven had an average of 13 days on market in May 2024, down by 38.1% compared to last year.
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
Summary: During May 2024, 1 homes were sold in New Haven; 100% 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.