$1,663 Closing Credit*
$140,000
1,581 SqFt
3 Beds
•1 Full Bath
Drew Pursley, Listing Office: Gateway Brokerage
Is Adrian, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Adrian has remained a Seller's Market.
Key Takeaway
Adrian is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Adrian, MI
How much do homes in Adrian, MI cost?
Median Sold Price
$185,000
$142/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Adrian has remained the same since last year.
Summary: The median home sold price in Adrian was $185,000 in October 2024, the same as last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $47K | $81.5K | +73.4% |
| 2 Bedrooms | $128.8K | $136K | +5.6% |
| 3 Bedrooms | $182.9K | $189K | +3.3% |
| 4 Bedrooms | $243K | $244.2K | 0.5% |
| 5+ Bedrooms | $174.7K | $291.2K | +66.6% |
Summary: Adrian housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 73.4%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 66.6%.
Median Sold Price Compared To Nearby Cities
| Madison Charter Township | $200K | $230K | +15.0% |
| Adrian Township | $185.1K | $188K | +1.6% |
| Adrian | $185K | $185K | 0.0% |
Housing Supply in Adrian, MI
How many homes are available in Adrian, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 142 | 141 | -0.7% |
Summary: The Adrian real estate market had 141 homes for sale in October 2024, a 0.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 26 | 29 | +11.5% |
| 3 Bedrooms | 74 | 72 | -2.7% |
| 4 Bedrooms | 33 | 30 | -9.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Adrian housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.5%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 37 | -11.9% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Adrian, you may be able to get a good deal. 54.1% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Adrian in October 2024, down by 11.9% month-over-month. Of the 37 sold homes, 54% were sold under asking, 22% were sold at asking, and 24% were sold over asking.
Days on Market for Adrian, MI
How long does it take to sell a home in Adrian, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 63 Days | 41 Days | -34.6% |
Summary: Homes in Adrian had an average of 41 days on market in Oct 2024, down by 34.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Adrian has remained consistent over time.
Summary: During October 2024, 37 homes were sold in Adrian; 38% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 8% 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. 
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.