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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beulah is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Beulah has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Beulah, MI

How much do homes in Beulah, MI cost?

Median Sold Price

$390,000

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$35,000(-8.2%)

Key Takeaway

Homes in Beulah have sold for 8.2% less than they did a year ago.

Summary: The median home sold price in Beulah was $390,000 in October 2024, down 8.2% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K-
N/A
2 $322.5K$350K
+8.5%
3 $459K$390K
-15.0%
4 $357.5K$435K
+21.7%
5+ $1.0M$1.5M
+51.2%

Summary: Beulah housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 51.2%.

Housing Supply in Beulah, MI

How many homes are available in Beulah, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2023+15.0%

Summary: The Beulah real estate market had 23 homes for sale in October 2024, a 15.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 24
+100.0%
3 1112
+9.1%
4 55
0.0%
5+ 11
0.0%

Summary: The Beulah 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 increased by 100%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

4 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 Beulah, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Beulah in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Beulah, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
72 Days98 Days+36.6%

Summary: Homes in Beulah had an average of 98 days on market in Oct 2024, up by 36.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in Beulah; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 3 Days Ago

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