$4,155 Closing Credit*
$349,900
1,882 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michael L McGivney, Listing Office: Allen Edwin Realty LLC
Is Cedar Springs, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$317,500
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,500(+11.4%)
Key Takeaway
Homes in Cedar Springs have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Cedar Springs was $317,500 in November 2024, up 11.4% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197.5K | $177K | -10.4% |
| 2 Bedrooms | $200K | $200K | 0.0% |
| 3 Bedrooms | $260K | $308.2K | +18.6% |
| 4 Bedrooms | $312K | $337.4K | +8.2% |
| 5+ Bedrooms | $419.9K | $434K | +3.4% |
Summary: Cedar Springs housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Cedar Springs | $285K | $317.5K | +11.4% |
| Nelson Township | $286.2K | $314.2K | +9.8% |
| Solon Township | $290K | $317.7K | +9.6% |
Housing Supply in Cedar Springs, MI
How many homes are available in Cedar Springs, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 47 | -7.8% |
Summary: The Cedar Springs real estate market had 47 homes for sale in November 2024, a 7.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Cedar Springs 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 decreased by 50%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Springs, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Cedar Springs in November 2024, down by 15.4% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 42 Days | -2.1% |
Summary: Homes in Cedar Springs had an average of 42 days on market in Nov 2024, down by 2.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were 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 November 2024, 11 homes were sold in Cedar Springs; 64% of homes were sold within 30 days, 27% 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.