$2,126 Closing Credit*
$179,000
1,039 SqFt
3 Beds
•1 Full Bath
Marie Glinski, Listing Office: Century 21 Signature Realty
Is Auburn, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Auburn has remained a Seller's Market.
Key Takeaway
Auburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Auburn, MI
How much do homes in Auburn, MI cost?
Median Sold Price
$232,500
$152/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$2,500(-1.1%)
Key Takeaway
Homes in Auburn have sold for 1.1% less than they did a month ago.
Summary: The median home sold price in Auburn was $232,500 in October 2024, down 1.1% from last month, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $125K | $175K | +40.0% |
| 3 Bedrooms | $220K | $225K | +2.3% |
| 4 Bedrooms | $352.5K | $310K | -12.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Auburn housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Williams Charter Township | $220K | $225K | +2.3% |
| Auburn | $235K | $232.5K | -1.1% |
Housing Supply in Auburn, MI
How many homes are available in Auburn, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Summary: The Auburn real estate market had 15 homes for sale in October 2024, a 16.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Auburn 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 decreased by 50%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Auburn, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Auburn in October 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Auburn, MI
How long does it take to sell a home in Auburn, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 39 Days | +214.0% |
Summary: Homes in Auburn had an average of 39 days on market in Oct 2024, up by 214% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Auburn are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Auburn; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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.