Is Avoca, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Avoca is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Avoca has remained a Seller's Market.

Key Takeaway

Avoca is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Avoca, MI

How much do homes in Avoca, MI cost?

Median Sold Price

$295,000

$127/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$12,500(+4.4%)

Key Takeaway

Homes in Avoca have sold for 4.4% more than they did a month ago.

Summary: The median home sold price in Avoca was $295,000 in October 2024, up 4.4% from last month, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $282.5K$238K
-15.8%
4 -$295K
N/A
5+ --
N/A

Summary: Avoca 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 did not change, 3 bedroom homes decreased by 15.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Avoca
+4.4%
Emmett Township
-2.0%
Emmett
-2.0%
Greenwood Township
-15.8%

Housing Supply in Avoca, MI

How many homes are available in Avoca, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1312-7.7%

Summary: The Avoca real estate market had 12 homes for sale in October 2024, a 7.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 97
-22.2%
4 34
+33.3%
5+ 00
0.0%

Summary: The Avoca 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avoca, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Avoca in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Avoca, MI

How long does it take to sell a home in Avoca, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
56 Days42 Days-24.7%

Summary: Homes in Avoca had an average of 42 days on market in Oct 2024, down by 24.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Avoca has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Avoca; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Avoca, MI

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