$5,938 Closing Credit*
$500,000
2,791 SqFt
5 Beds
•3 Full Baths, 1 Partial
Jim Shaffer, Listing Office: Good Company
Is Durfee, 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, Durfee has remained a Buyer's Market.
Key Takeaway
Durfee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Durfee, MI
How much do homes in Durfee, MI cost?
Median Sold Price
$140,750
$68/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,750(+17.3%)
Key Takeaway
Homes in Durfee have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in Durfee was $140,750 in November 2024, up 17.3% from last year, and the median price per square foot was $68.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $77K | N/A |
| 2 Bedrooms | $13K | $55K | +323.1% |
| 3 Bedrooms | $57.5K | $60K | +4.3% |
| 4 Bedrooms | $171K | $184.9K | +8.2% |
| 5+ Bedrooms | $315K | $302.5K | -4.0% |
Summary: Durfee 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 323.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Neighborhoods
| Rosa Parks | $72.5K | $157K | +116.6% |
| Durfee | $120K | $140.7K | +17.3% |
| Midtown | $122K | $135.7K | +11.3% |
| Boston-Edison | $395K | $354.5K | -10.3% |
| Middle Woodward | $240K | $195K | -18.8% |
Housing Supply in Durfee, MI
How many homes are available in Durfee, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 65 | +22.6% |
Summary: The Durfee real estate market had 65 homes for sale in November 2024, a 22.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 17 | 24 | +41.2% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The Durfee housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 41.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Durfee, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Durfee in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Durfee, MI
How long does it take to sell a home in Durfee, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 94 Days | +200.6% |
Summary: Homes in Durfee had an average of 94 days on market in Nov 2024, up by 200.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Durfee are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 5 homes were sold in Durfee; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% 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. 
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.