$3,622 Closing Credit*
$305,000
Chad M VanDerwall, Listing Office: Kalamazoo Commercial Real Estate
Is Battle Creek, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Battle Creek has remained a Seller's Market.
Key Takeaway
Battle Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Battle Creek, MI
How much do homes in Battle Creek, MI cost?
Median Sold Price
$180,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,962(+8.4%)
Key Takeaway
Homes in Battle Creek have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Battle Creek was $180,000 in November 2024, up 8.4% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $92.9K | -2.2% |
| 2 Bedrooms | $120K | $135K | +12.5% |
| 3 Bedrooms | $170K | $186.7K | +9.9% |
| 4 Bedrooms | $240K | $245K | +2.1% |
| 5+ Bedrooms | $305K | $337.5K | +10.7% |
Summary: Battle Creek housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Springfield | $135K | $149.9K | +11.0% |
| Battle Creek | $166K | $180K | +8.4% |
| Bedford Charter Township | $175.9K | $188K | +6.9% |
| Emmett Charter Township | $215K | $225K | +4.7% |
| Pennfield Charter Township | $220K | $220K | 0.0% |
Housing Supply in Battle Creek, MI
How many homes are available in Battle Creek, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 350 | 318 | -9.1% |
Summary: The Battle Creek real estate market had 318 homes for sale in November 2024, a 9.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 67 | 61 | -9.0% |
| 3 Bedrooms | 194 | 175 | -9.8% |
| 4 Bedrooms | 70 | 65 | -7.1% |
| 5+ Bedrooms | 18 | 15 | -16.7% |
Summary: The Battle Creek 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 9%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 68 | -29.2% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Battle Creek, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.
Summary: A total of 68 homes were sold or pending in Battle Creek in November 2024, down by 29.2% month-over-month. Of the 68 sold homes, 43% were sold under asking, 37% were sold at asking, and 21% were sold over asking.
Days on Market for Battle Creek, MI
How long does it take to sell a home in Battle Creek, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 24 Days | -17.1% |
Summary: Homes in Battle Creek had an average of 24 days on market in Nov 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Battle Creek are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 68 homes were sold in Battle Creek; 60% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 1% 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.