$2,671 Closing Credit*
$224,900
1,470 SqFt
1 Bed
•1 Full Bath, 2 Partial
#50162620, Robin Yost-Ellison, Listing Office: RE/MAX Results
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
$287,500
$168/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$55,000(+23.7%)
Key Takeaway
Homes in Auburn have sold for 23.7% more than they did a month ago.
Summary: The median home sold price in Auburn was $287,500 in November 2024, up 23.7% from last month, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | - | N/A |
| 3 Bedrooms | $225K | $280K | +24.4% |
| 4 Bedrooms | $261.5K | $295K | +12.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Auburn housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Auburn | $232.5K | $287.5K | +23.7% |
| Williams Charter Township | $250K | $218.2K | -12.7% |
Housing Supply in Auburn, MI
How many homes are available in Auburn, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Summary: The Auburn real estate market had 11 homes for sale in November 2024, a 31.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 7 | 3 | -57.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Auburn housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 2 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Auburn, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Auburn in November 2024, down by 80.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 37 Days | +3.0% |
Summary: Homes in Auburn had an average of 37 days on market in Nov 2024, up by 3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 November 2024, 2 homes were sold in Auburn; 50% of homes were sold within 30 days, 50% 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.