$2,138 Closing Credit*
$180,000
1,462 SqFt
3 Beds
•1 Full Bath, 1 Partial
Ryan Heward, Dustin Shaeffer, Listing Office: Golden Key Real Estate LLC
Is Center Line, 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, Center Line has remained a Seller's Market.
Key Takeaway
Center Line is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Center Line, MI
How much do homes in Center Line, MI cost?
Median Sold Price
$173,500
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,500(+15.7%)
Key Takeaway
Homes in Center Line have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in Center Line was $173,500 in November 2024, up 15.7% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $48K | -52.0% |
| 2 Bedrooms | $126.5K | $138K | +9.1% |
| 3 Bedrooms | $157K | $174K | +10.8% |
| 4 Bedrooms | $199.9K | $225K | +12.6% |
| 5+ Bedrooms | $165K | - | N/A |
Summary: Center Line housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Center Line | $150K | $173.5K | +15.7% |
| Warren | $175.6K | $190K | +8.2% |
Housing Supply in Center Line, MI
How many homes are available in Center Line, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 34 | +21.4% |
Summary: The Center Line real estate market had 34 homes for sale in November 2024, a 21.4% increase 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 | 5 | 9 | +80.0% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Center Line 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 80%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Center Line, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Center Line in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Center Line, MI
How long does it take to sell a home in Center Line, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 23 Days | +31.6% |
Summary: Homes in Center Line had an average of 23 days on market in Nov 2024, up by 31.6% compared to last year.
Breakdown of Home Sale Times
4 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 Center Line are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Center Line; 67% of homes were sold within 30 days, 33% 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.