$2,136 Closing Credit*
$179,900
1,300 SqFt
1 Bed
•2 Full Baths
Jeff Glover, Davonte Moore, Listing Office: KW Professionals
Is Butzel, 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, Butzel was a Seller's 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
$127,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$23,000(-15.3%)
Key Takeaway
Homes in Butzel have sold for 15.3% less than they did a year ago.
Summary: The median home sold price in Butzel was $127,000 in November 2024, down 15.3% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137K | $99K | -27.7% |
| 2 Bedrooms | $168K | $122.9K | -26.8% |
| 3 Bedrooms | $75K | $100K | +33.3% |
| 4 Bedrooms | $161K | $220K | +36.6% |
| 5+ Bedrooms | $305K | $354.5K | +16.2% |
Summary: Butzel housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.7%, 2 bedroom homes decreased by 26.8%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 36.6%, and 5+ bedroom homes increased by 16.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Indian Village | $169K | $153K | -9.4% |
| Butzel | $150K | $127K | -15.3% |
| Island View | $132.5K | $110K | -17.0% |
Housing Supply in Butzel, MI
How many homes are available in Butzel, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 44 | +15.8% |
Summary: The Butzel real estate market had 44 homes for sale in November 2024, a 15.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Butzel 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 increased by 16.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
5 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 Butzel, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Butzel in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 99 Days | 71 Days | -28.3% |
Summary: Homes in Butzel had an average of 71 days on market in Nov 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Butzel has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Butzel; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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.