Is Davison, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Davison is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Davison has remained a Seller's Market.

Key Takeaway

Davison is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Davison, MI

How much do homes in Davison, MI cost?

Median Sold Price

$250,000

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$15,000(+6.4%)

Key Takeaway

Homes in Davison have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Davison was $250,000 in December 2024, up 6.4% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $198K$82K
-58.6%
2 $190K$187K
-1.6%
3 $234.9K$250K
+6.4%
4 $300K$302K
+0.7%
5+ $399.9K$454K
+13.5%

Summary: Davison housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.6%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 13.5%.

Median Sold Price Compared To Nearby Cities

Davison Township
+6.5%
Davison
+6.4%

Housing Supply in Davison, MI

How many homes are available in Davison, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
127108-15.0%

Summary: The Davison real estate market had 108 homes for sale in December 2024, a 15.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 2727
0.0%
3 6952
-24.6%
4 2926
-10.3%
5+ 23
+50.0%

Summary: The Davison housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 24.6%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3223-28.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Davison, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Davison in December 2024, down by 28.1% month-over-month. Of the 23 sold homes, 43% were sold under asking, 35% were sold at asking, and 22% were sold over asking.

Days on Market for Davison, MI

How long does it take to sell a home in Davison, MI?

Average Sale Time

Dec 2023Dec 2024CHANGE
21 Days32 Days+47.5%

Summary: Homes in Davison had an average of 32 days on market in Dec 2024, up by 47.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Davison are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 23 homes were sold in Davison; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

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

Report Updated 4 Days Ago

Newest Listings in Davison, MI

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