$1,603 Closing Credit*
$135,000
968 SqFt
3 Beds
•1 Full Bath
Zack Lessner, Listing Office: New Michigan Realty
Is Center Line, 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, Center Line was a Seller's Market.
Key Takeaway
Center Line is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Center Line, MI
How much do homes in Center Line, MI cost?
Median Sold Price
$182,750
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,750(+22.7%)
Key Takeaway
Homes in Center Line have sold for 22.7% more than they did a year ago.
Summary: The median home sold price in Center Line was $182,750 in October 2024, up 22.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $48K | -52.0% |
| 2 Bedrooms | $126.5K | $170K | +34.4% |
| 3 Bedrooms | $152.7K | $185.5K | +21.4% |
| 4 Bedrooms | $150K | $227.7K | +51.8% |
| 5+ Bedrooms | $165K | - | N/A |
Summary: Center Line housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52%, 2 bedroom homes increased by 34.4%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 51.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Center Line | $149K | $182.7K | +22.7% |
| Warren | $174K | $189.9K | +9.2% |
Housing Supply in Center Line, MI
How many homes are available in Center Line, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 32 | +33.3% |
Summary: The Center Line real estate market had 32 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 13 | 20 | +53.8% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Center Line housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 53.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Center Line in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 25 Days | +25.2% |
Summary: Homes in Center Line had an average of 25 days on market in Oct 2024, up by 25.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 October 2024, 2 homes were sold in Center Line; 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. 
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.