$1,366 Closing Credit*
$115,000
1,040 SqFt
3 Beds
•1 Full Bath
Mandy Dobrik, Listing Office: Vision Realty Centers, LLC
Is Burton, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Burton has remained a Seller's Market.
Key Takeaway
Burton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burton, MI
How much do homes in Burton, MI cost?
Median Sold Price
$165,400
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,400(+2.1%)
Key Takeaway
Homes in Burton have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Burton was $165,400 in October 2024, up 2.1% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45.1K | $33.5K | -25.7% |
| 2 Bedrooms | $97.8K | $89K | -9.0% |
| 3 Bedrooms | $174.9K | $175K | 0.0% |
| 4 Bedrooms | $239.9K | $225K | -6.2% |
| 5+ Bedrooms | $150K | $199.9K | +33.3% |
Summary: Burton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.7%, 2 bedroom homes decreased by 9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 33.3%.
Median Sold Price Compared To Nearby Cities
| Davison Township | $235K | $246.6K | +5.0% |
| Richfield Township | $232.4K | $242K | +4.1% |
| Burton | $162K | $165.4K | +2.1% |
| Flint | $81.3K | $79.1K | -2.6% |
| Genesee Charter Township | $151.5K | $145K | -4.3% |
Housing Supply in Burton, MI
How many homes are available in Burton, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 131 | 141 | +7.6% |
Summary: The Burton real estate market had 141 homes for sale in October 2024, a 7.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 32 | 35 | +9.4% |
| 3 Bedrooms | 86 | 88 | +2.3% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Burton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 32 | -22.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burton, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Burton in October 2024, down by 22.0% month-over-month. Of the 32 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Burton, MI
How long does it take to sell a home in Burton, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 26 Days | +78.4% |
Summary: Homes in Burton had an average of 26 days on market in Oct 2024, up by 78.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 32 homes were sold in Burton; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% 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. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.