$4,036 Closing Credit*
$339,900
767 SqFt
3 Beds
•2 Full Baths
Carri Foley, Listing Office: Midwestern Realty Group
Is Coldwater, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Coldwater has remained a Seller's Market.
Key Takeaway
Coldwater is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coldwater, MI
How much do homes in Coldwater, MI cost?
Median Sold Price
$236,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,400(+24.5%)
Key Takeaway
Homes in Coldwater have sold for 24.5% more than they did a year ago.
Summary: The median home sold price in Coldwater was $236,000 in October 2024, up 24.5% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $100K | -23.1% |
| 2 Bedrooms | $160.2K | $148K | -7.6% |
| 3 Bedrooms | $196K | $235K | +19.9% |
| 4 Bedrooms | $192K | $286.4K | +49.2% |
| 5+ Bedrooms | $380.2K | $319.9K | -15.9% |
Summary: Coldwater housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes increased by 19.9%, 4 bedroom homes increased by 49.2%, and 5+ bedroom homes decreased by 15.9%.
Median Sold Price Compared To Nearby Cities
| Girard Township | $199K | $289.9K | +45.7% |
| Coldwater Township | $188.9K | $236K | +24.9% |
| Coldwater | $189.6K | $236K | +24.5% |
Housing Supply in Coldwater, MI
How many homes are available in Coldwater, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 101 | +7.4% |
Summary: The Coldwater real estate market had 101 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 44 | 53 | +20.5% |
| 4 Bedrooms | 24 | 21 | -12.5% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Coldwater housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 20.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coldwater, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Coldwater in October 2024, down by 3.8% month-over-month. Of the 25 sold homes, 60% were sold under asking, 24% were sold at asking, and 16% were sold over asking.
Days on Market for Coldwater, MI
How long does it take to sell a home in Coldwater, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 45 Days | -5.9% |
Summary: Homes in Coldwater had an average of 45 days on market in Oct 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Coldwater has remained consistent over time.
Summary: During October 2024, 25 homes were sold in Coldwater; 40% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 8% 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 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.