$5,938 Closing Credit*
$500,000
2,791 SqFt
5 Beds
•3 Full Baths, 1 Partial
Jim Shaffer, Listing Office: Good Company
Is Boston-Edison, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Boston-Edison was a Seller's Market.
Key Takeaway
Boston-Edison is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Boston-Edison, MI
How much do homes in Boston-Edison, MI cost?
Median Sold Price
$354,500
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$40,500(-10.3%)
Key Takeaway
Homes in Boston-Edison have sold for 10.3% less than they did a year ago.
Summary: The median home sold price in Boston-Edison was $354,500 in November 2024, down 10.3% 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 | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $332.5K | $209K | -37.1% |
| 4 Bedrooms | $345K | $350K | +1.4% |
| 5+ Bedrooms | $420K | $390K | -7.1% |
Summary: Boston-Edison housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 37.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Durfee | $120K | $140.7K | +17.3% |
| Midtown | $122K | $135.7K | +11.3% |
| Boston-Edison | $395K | $354.5K | -10.3% |
| Middle Woodward | $240K | $195K | -18.8% |
Housing Supply in Boston-Edison, MI
How many homes are available in Boston-Edison, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Summary: The Boston-Edison real estate market had 28 homes for sale in November 2024, a 12.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Boston-Edison housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Boston-Edison, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Boston-Edison in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Boston-Edison, MI
How long does it take to sell a home in Boston-Edison, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 67 Days | +109.4% |
Summary: Homes in Boston-Edison had an average of 67 days on market in Nov 2024, up by 109.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Boston-Edison are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Boston-Edison; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.