$4,453 Closing Credit*
$375,000
2,124 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jan Dijkers, Listing Office: Berkshire Hathaway HomeServices The Loft Warehouse
Is Boston-Edison, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$370,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,000(-3.9%)
Key Takeaway
Homes in Boston-Edison have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Boston-Edison was $370,000 in October 2024, down 3.9% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $332.5K | $209K | -37.1% |
| 4 Bedrooms | $316.5K | $359K | +13.4% |
| 5+ Bedrooms | $420K | $400K | -4.8% |
Summary: Boston-Edison 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 did not change, 3 bedroom homes decreased by 37.1%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Durfee | $117.7K | $176.4K | +49.8% |
| Midtown | $114.7K | $152.5K | +32.9% |
| Boston-Edison | $385K | $370K | -3.9% |
| Middle Woodward | $237.4K | $200K | -15.8% |
Housing Supply in Boston-Edison, MI
How many homes are available in Boston-Edison, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Boston-Edison real estate market had 28 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Boston-Edison 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 40%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boston-Edison, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Boston-Edison in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 139 Days | +1343.1% |
Summary: Homes in Boston-Edison had an average of 139 days on market in Oct 2024, up by 1343.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Boston-Edison has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Boston-Edison; 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.