$1,661 Closing Credit*
$139,900
1,152 SqFt
3 Beds
•1 Full Bath
Brian McFarlin, Listing Office: Tremaine Real Estate
Is Durand, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$163,750
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 $163,750 in November 2024, up 3.8% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $54K | N/A |
| 2 Bedrooms | $126.2K | $140K | +10.9% |
| 3 Bedrooms | $160.5K | $167.9K | +4.6% |
| 4 Bedrooms | $171K | $257.5K | +50.6% |
| 5+ Bedrooms | - | $250K | N/A |
Summary: Durand housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 50.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Durand | $157.7K | $163.7K | +3.8% |
| Vernon Township | $179K | $150K | -16.2% |
Housing Supply in Durand, MI
How many homes are available in Durand, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 37 | -7.5% |
Summary: The Durand real estate market had 37 homes for sale in November 2024, a 7.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Durand housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Durand, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Durand in November 2024, down by 8.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 25 Days | +30.1% |
Summary: Homes in Durand had an average of 25 days on market in Nov 2024, up by 30.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Durand are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Durand; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
