$2,018 Closing Credit*
$169,900
936 SqFt
2 Beds
•1 Full Bath
Abigail Edmonds, Listing Office: American Associates Inc
Is Durand, 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, Durand has remained a Seller's Market.
Key Takeaway
Durand is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Durand, MI
How much do homes in Durand, MI cost?
Median Sold Price
$166,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,000(+3.8%)
Key Takeaway
Homes in Durand have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Durand was $166,000 in October 2024, up 3.8% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $54K | N/A |
| 2 Bedrooms | $127.7K | $140K | +9.6% |
| 3 Bedrooms | $165K | $169.9K | +3.0% |
| 4 Bedrooms | $182K | $253.7K | +39.4% |
| 5+ Bedrooms | - | $305K | N/A |
Summary: Durand 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 9.6%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 39.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Durand | $160K | $166K | +3.8% |
| Vernon Township | $179.5K | $160K | -10.9% |
Housing Supply in Durand, MI
How many homes are available in Durand, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 36 | +9.1% |
Summary: The Durand real estate market had 36 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Durand housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Durand, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Durand in October 2024, down by 8.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 45% were sold at asking, and 27% were sold over asking.
Days on Market for Durand, MI
How long does it take to sell a home in Durand, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 30 Days | -29.1% |
Summary: Homes in Durand had an average of 30 days on market in Oct 2024, down by 29.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Durand are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Durand; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
