$831 Closing Credit*
$70,000
847 SqFt
3 Beds
•1 Full Bath
Lauren Samuel, Listing Office: KW City
Is Denby, 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, Denby was a Neutral Market.
Key Takeaway
Denby is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Denby, MI
How much do homes in Denby, MI cost?
Median Sold Price
$60,000
$56/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+20.0%)
Key Takeaway
Homes in Denby have sold for 20% more than they did a year ago.
Summary: The median home sold price in Denby was $60,000 in October 2024, up 20% from last year, and the median price per square foot was $56.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $31.5K | $45.6K | +45.0% |
| 3 Bedrooms | $50.8K | $62K | +22.0% |
| 4 Bedrooms | $60.5K | $90.8K | +50.2% |
| 5+ Bedrooms | $550K | $104K | -81.1% |
Summary: Denby housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 50.2%, and 5+ bedroom homes decreased by 81.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Upper East | $49.9K | $59.9K | +20.1% |
| Denby | $50K | $60K | +20.0% |
| East English Village | $185K | $177K | -4.3% |
| Finney | $124.5K | $110K | -11.6% |
| Morningside | $125K | $105K | -16.0% |
Housing Supply in Denby, MI
How many homes are available in Denby, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 147 | 159 | +8.2% |
Summary: The Denby real estate market had 159 homes for sale in October 2024, a 8.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 23 | 23 | 0.0% |
| 3 Bedrooms | 112 | 119 | +6.3% |
| 4 Bedrooms | 10 | 16 | +60.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Denby housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Denby, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Denby in October 2024, down by 10.0% month-over-month. Of the 18 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Denby, MI
How long does it take to sell a home in Denby, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 72 Days | +7.6% |
Summary: Homes in Denby had an average of 72 days on market in Oct 2024, up by 7.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Denby has remained consistent over time.
Summary: During October 2024, 18 homes were sold in Denby; 28% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 22% 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.