$3,443 Closing Credit*
$289,900
1,510 SqFt
3 Beds
•2 Full Baths
Rachelle Bayliss, Listing Office: Realty Executives Home Towne
Is East China, 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, East China has remained a Seller's Market.
Key Takeaway
East China is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East China, MI
How much do homes in East China, MI cost?
Median Sold Price
$377,500
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,500(+12.7%)
Key Takeaway
Homes in East China have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in East China was $377,500 in October 2024, up 12.7% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $160K | +146.2% |
| 2 Bedrooms | $255.7K | $240K | -6.2% |
| 3 Bedrooms | $356.1K | $387.5K | +8.8% |
| 4 Bedrooms | $373.6K | $515K | +37.8% |
| 5+ Bedrooms | $370K | - | N/A |
Summary: East China housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 146.2%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 37.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| East China | $335K | $377.5K | +12.7% |
| China Township | $370K | $410K | +10.8% |
| Marine City | $164.5K | $179.9K | +9.4% |
| Saint Clair | $249.9K | $237K | -5.2% |
Housing Supply in East China, MI
How many homes are available in East China, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The East China real estate market had 34 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The East China 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 increased by 60%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East China, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in East China in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for East China, MI
How long does it take to sell a home in East China, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 37 Days | -41.7% |
Summary: Homes in East China had an average of 37 days on market in Oct 2024, down by 41.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East China are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in East China; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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.