Is Perry, 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, Perry has remained a Seller's Market.
Housing Prices in Perry, MI
How much do homes in Perry, MI cost?
Median Sold Price
$265,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Perry was $265,000 in May 2024, up 33.3% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $132.3K | $139.4K | +5.4% |
3 Bedrooms | $195K | $262.5K | +34.6% |
4 Bedrooms | $246.5K | $281K | +14.0% |
5+ Bedrooms | $690K | $622.5K | -9.8% |
Summary: Perry 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 increased by 5.4%, 3 bedroom homes increased by 34.6%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 9.8%.
Median Sold Price Compared To Nearby Cities
Perry | $198.7K | $265K | +33.3% |
Perry Township | $205.5K | $260K | +26.5% |
Housing Supply in Perry, MI
How many homes are available in Perry, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 19 | -9.5% |
Summary: The Perry real estate market had 19 homes for sale in May 2024, a 9.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Perry 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 decreased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Perry in May 2024, up by 14.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Perry, MI
How long does it take to sell a home in Perry, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 14 Days | +45.5% |
Summary: Homes in Perry had an average of 14 days on market in May 2024, up by 45.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Perry; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.