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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boon is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Boon was a Seller's Market.

Key Takeaway

Boon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Boon, MI

How much do homes in Boon, MI cost?

Median Sold Price

$419,500

$312/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$107,500(+34.5%)

Key Takeaway

Homes in Boon have sold for 34.5% more than they did a month ago.

Summary: The median home sold price in Boon was $419,500 in October 2024, up 34.5% from last month, and the median price per square foot was $312.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $284K$419.5K
+47.7%
4 --
N/A
5+ $340K-
N/A

Summary: Boon 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 increased by 47.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Boon
+34.5%
Henderson Township
+34.5%
Boon Township
-19.8%

Housing Supply in Boon, MI

How many homes are available in Boon, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
711+57.1%

Summary: The Boon real estate market had 11 homes for sale in October 2024, a 57.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 69
+50.0%
4 02
+100.0%
5+ 10
-100.0%

Summary: The Boon 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 increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was 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 Boon, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Boon in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Boon, MI

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

Average Sale Time

Sep 2024Oct 2024CHANGE
30 Days36 Days+18.0%

Summary: Homes in Boon had an average of 36 days on market in Oct 2024, up by 18% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was 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 Boon has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Boon; 0% of homes were sold within 30 days, 100% 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 21 Days Ago

Newest Listings in Boon, MI

Nearby Markets to Boon, MI

What housing markets are near Boon, MI?