Is Stanton, 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, Stanton has remained a Seller's Market.
Key Takeaway
Stanton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stanton, MI
How much do homes in Stanton, MI cost?
Median Sold Price
$217,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Stanton have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Stanton was $217,000 in May 2024, up 12.4% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $140K | $118.5K | -15.4% |
| 3 Bedrooms | $209K | $195K | -6.7% |
| 4 Bedrooms | $291.8K | $220K | -24.6% |
| 5+ Bedrooms | $175K | $412.5K | +135.7% |
Summary: Stanton 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 15.4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 24.6%, and 5+ bedroom homes increased by 135.7%.
Median Sold Price Compared To Nearby Cities
| Stanton | $193K | $217K | +12.4% |
| Evergreen Township | $230K | $197K | -14.3% |
Housing Supply in Stanton, MI
How many homes are available in Stanton, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Stanton real estate market had 16 homes for sale in May 2024, a 11.1% decrease 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 | 7 | 2 | -71.4% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Stanton 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 decreased by 71.4%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stanton, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Stanton in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Stanton, MI
How long does it take to sell a home in Stanton, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 36 Days | +39.0% |
Summary: Homes in Stanton had an average of 36 days on market in May 2024, up by 39% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Stanton has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Stanton; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.