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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eagle is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Eagle, MI

How much do homes in Eagle, MI cost?

Median Sold Price

$365,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$50,050(+15.9%)

Key Takeaway

Homes in Eagle have sold for 15.9% more than they did a year ago.

Summary: The median home sold price in Eagle was $365,000 in November 2024, up 15.9% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $227K$345K
+52.0%
3 $305K$360K
+18.0%
4 $385K$340K
-11.7%
5+ $655K$427.4K
-34.7%

Summary: Eagle 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 52%, 3 bedroom homes increased by 18%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 34.7%.

Median Sold Price Compared To Nearby Cities

Eagle Township
+30.2%
Eagle
+15.9%

Housing Supply in Eagle, MI

How many homes are available in Eagle, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
67+16.7%

Summary: The Eagle real estate market had 7 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 32
-33.3%
4 22
0.0%
5+ 12
+100.0%

Summary: The Eagle 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 increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eagle, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Eagle in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Eagle, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days43 Days+17.6%

Summary: Homes in Eagle had an average of 43 days on market in Nov 2024, up by 17.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Eagle; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Eagle, MI

Nearby Markets to Eagle, MI