$4,394 Closing Credit*
$370,000
860 SqFt
4 Beds
•2 Full Baths
Stacey J Morea, Listing Office: RE/MAX United (Main)
Is Cedar Springs, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Cedar Springs has remained a Seller's Market.
Key Takeaway
Cedar Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Springs, MI
How much do homes in Cedar Springs, MI cost?
Median Sold Price
$310,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$29,996(+10.7%)
Key Takeaway
Homes in Cedar Springs have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Cedar Springs was $310,000 in September 2024, up 10.7% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197.5K | $177K | -10.4% |
| 2 Bedrooms | $195K | $199.9K | +2.5% |
| 3 Bedrooms | $260K | $304.5K | +17.1% |
| 4 Bedrooms | $310.7K | $329.9K | +6.2% |
| 5+ Bedrooms | $419.9K | $442K | +5.3% |
Summary: Cedar Springs housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Cedar Springs | $280K | $310K | +10.7% |
| Solon Township | $295K | $310K | +5.1% |
Housing Supply in Cedar Springs, MI
How many homes are available in Cedar Springs, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 56 | 54 | -3.6% |
Summary: The Cedar Springs real estate market had 54 homes for sale in September 2024, a 3.6% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 25 | 24 | -4.0% |
| 4 Bedrooms | 23 | 21 | -8.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Cedar Springs housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Springs, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Cedar Springs in September 2024, down by 14.3% month-over-month. Of the 18 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% were sold over asking.
Days on Market for Cedar Springs, MI
How long does it take to sell a home in Cedar Springs, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 23 Days | 16 Days | -29.2% |
Summary: Homes in Cedar Springs had an average of 16 days on market in Sep 2024, down by 29.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Springs are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 18 homes were sold in Cedar Springs; 89% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
