$10,000 Closing Credit*
$1,200,000
1,665 SqFt
3 Beds
•1 Full Bath
Larry Gotcher, Listing Office: Resource Realty Group
Is Central, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Central has remained a Seller's Market.
Key Takeaway
Central is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central, MI
How much do homes in Central, MI cost?
Median Sold Price
$570,445
$451/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$14,325(+2.6%)
Key Takeaway
Homes in Central have sold for 2.6% more than they did a month ago.
Summary: The median home sold price in Central was $570,445 in December 2024, up 2.6% from last month, and the median price per square foot was $451.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $367.8K | N/A |
| 2 Bedrooms | $429.7K | $597.6K | +39.1% |
| 3 Bedrooms | $590K | $540.4K | -8.4% |
| 4 Bedrooms | $501.9K | - | N/A |
| 5+ Bedrooms | - | $790K | N/A |
Summary: Central housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.1%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Central, MI
How many homes are available in Central, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 40 | 34 | -15.0% |
Summary: The Central real estate market had 34 homes for sale in December 2024, a 15.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 15 | 10 | -33.3% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Central housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Central in December 2024, up by 25.0% month-over-month. Of the 10 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Central, MI
How long does it take to sell a home in Central, MI?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 26 Days | 32 Days | +25.0% |
Summary: Homes in Central had an average of 32 days on market in Dec 2024, up by 25% compared to last month.
Breakdown of Home Sale Times
6 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 Central are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 10 homes were sold in Central; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.