Is Auburn Hills, 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, Auburn Hills has remained a Seller's Market.
Housing Prices in Auburn Hills, MI
How much do homes in Auburn Hills, MI cost?
Median Sold Price
$270,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Auburn Hills was $270,000 in May 2024, up 5.9% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $93.5K | +3.9% |
2 Bedrooms | $217.5K | $239K | +9.9% |
3 Bedrooms | $257K | $270K | +5.1% |
4 Bedrooms | $407.5K | $343.5K | -15.7% |
5+ Bedrooms | $260K | $335K | +28.8% |
Summary: Auburn Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes increased by 28.8%.
Median Sold Price Compared To Nearby Cities
Pontiac | $125K | $134.5K | +7.7% |
Auburn Hills | $255K | $270K | +5.9% |
Rochester Hills | $403.1K | $408.9K | +1.4% |
Oakland Charter Township | $595K | $600K | +0.8% |
Orion Charter Township | $383.8K | $377K | -1.8% |
Housing Supply in Auburn Hills, MI
How many homes are available in Auburn Hills, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 48 | -2.0% |
Summary: The Auburn Hills real estate market had 48 homes for sale in May 2024, a 2.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 22 | 19 | -13.6% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Auburn Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Auburn Hills in May 2024, up by 30.8% month-over-month. Of the 17 sold homes, 29% were sold under asking, 29% were sold at asking, and 41% were sold over asking.
Days on Market for Auburn Hills, MI
How long does it take to sell a home in Auburn Hills, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 12 Days | +2.2% |
Summary: Homes in Auburn Hills had an average of 12 days on market in May 2024, up by 2.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Auburn Hills; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.