Housing Prices in Central Business District, MI

How much do homes in Central Business District, MI cost?

Median List Price

$346,894

$321/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

-$50,605(-12.7%)

Key Takeaway

The list price of homes in Central Business District has decreased by 12.7% since last year.

Summary: The median home list price in Central Business District was $346,894 in October 2024, down 12.7% from the previous year, and the median price per square foot was $321.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $228K$219.9K
-3.6%
2 $479.9K$400K
-16.6%
3 $625K$775K
+24.0%
4 --
N/A
5+ --
N/A

Summary: Central Business District housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes decreased by 16.6%, 3 bedroom homes increased by 24%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Neighborhoods

Financial District
+13.6%
Central Business District
-12.7%

Housing Supply in Central Business District, MI

How many homes are available in Central Business District, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1418+28.6%

Summary: The Central Business District real estate market had 18 homes for sale in October 2024, a 28.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 57
+40.0%
2 57
+40.0%
3 44
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Central Business District housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for Central Business District, MI

How long does it take to sell a home in Central Business District, MI?

Average Listing Age

Oct 2023Oct 2024CHANGE
203 Days106 Days-47.7%

Summary: Homes in Central Business District had an average listing age of 106 days in Oct 2024, down by 47.7% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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Newest Listings in Central Business District, MI

Nearby Markets to Central Business District, MI

MLS Disclaimers and Copyright

Based on information from RealComp II Ltd. Previous Previous, and MiRealSource Inc. DL for the period 11/01/2022 - 11/01/2024

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 8:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 8:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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