Is Battle Creek, 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, Battle Creek has remained a Seller's Market.
Key Takeaway
Battle Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Battle Creek, MI
How much do homes in Battle Creek, MI cost?
Median Sold Price
$175,157
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Battle Creek have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Battle Creek was $175,157 in May 2024, up 9.5% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $90K | -5.3% |
| 2 Bedrooms | $115K | $130K | +13.0% |
| 3 Bedrooms | $170.2K | $178.1K | +4.7% |
| 4 Bedrooms | $220K | $240.7K | +9.4% |
| 5+ Bedrooms | $300K | $280K | -6.7% |
Summary: Battle Creek housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Bedford Charter Township | $152K | $206K | +35.5% |
| Emmett Charter Township | $205K | $230K | +12.2% |
| Battle Creek | $159.9K | $175.1K | +9.5% |
| Pennfield Charter Township | $190K | $203K | +6.8% |
| Springfield | $145K | $138K | -4.8% |
Housing Supply in Battle Creek, MI
How many homes are available in Battle Creek, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 283 | 289 | +2.1% |
Summary: The Battle Creek real estate market had 289 homes for sale in May 2024, a 2.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 66 | 70 | +6.1% |
| 3 Bedrooms | 141 | 134 | -5.0% |
| 4 Bedrooms | 58 | 64 | +10.3% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Battle Creek 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 6.1%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 96 | 78 | -18.8% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Battle Creek, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 78 homes were sold or pending in Battle Creek in May 2024, down by 18.8% month-over-month. Of the 78 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for Battle Creek, MI
How long does it take to sell a home in Battle Creek, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -18.9% |
Summary: Homes in Battle Creek had an average of 22 days on market in May 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Battle Creek are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 78 homes were sold in Battle Creek; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
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© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.