$2,197 Closing Credit*
$185,000
1,366 SqFt
3 Beds
•1 Full Bath, 1 Partial
Deuntay Fields, Listing Office: Beal Properties LLC
Is Butzel, 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, Butzel was a Neutral Market.
Key Takeaway
Butzel is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Butzel, MI
How much do homes in Butzel, MI cost?
Median Sold Price
$130,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$45,750(-26.0%)
Key Takeaway
Homes in Butzel have sold for 26% less than they did a year ago.
Summary: The median home sold price in Butzel was $130,000 in October 2024, down 26% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144.5K | $104.5K | -27.7% |
| 2 Bedrooms | $161.5K | $122.9K | -23.9% |
| 3 Bedrooms | $235K | $136.2K | -42.0% |
| 4 Bedrooms | $183.5K | $130K | -29.2% |
| 5+ Bedrooms | $306.4K | $354.5K | +15.7% |
Summary: Butzel housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.7%, 2 bedroom homes decreased by 23.9%, 3 bedroom homes decreased by 42%, 4 bedroom homes decreased by 29.2%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Indian Village Historic District | $460K | $555K | +20.7% |
| Indian Village | $163.5K | $185K | +13.1% |
| Island View | $150K | $127K | -15.3% |
| Butzel | $175.7K | $130K | -26.0% |
Housing Supply in Butzel, MI
How many homes are available in Butzel, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 42 | +5.0% |
Summary: The Butzel real estate market had 42 homes for sale in October 2024, a 5.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Butzel housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Butzel, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Butzel in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Butzel, MI
How long does it take to sell a home in Butzel, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 33 Days | +83.3% |
Summary: Homes in Butzel had an average of 33 days on market in Oct 2024, up by 83.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Butzel are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Butzel; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.