$2,730 Closing Credit*
$229,900
1,450 SqFt
3 Beds
•1 Full Bath
Jeff Glover, Listing Office: KW Professionals
Is East English Village, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, East English Village was a Seller's Market.
Key Takeaway
East English Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East English Village, MI
How much do homes in East English Village, MI cost?
Median Sold Price
$177,000
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$8,000(-4.3%)
Key Takeaway
Homes in East English Village have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in East English Village was $177,000 in November 2024, down 4.3% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $119K | $135K | +13.4% |
| 3 Bedrooms | $185K | $177K | -4.3% |
| 4 Bedrooms | $198K | $200K | +1.0% |
| 5+ Bedrooms | $205K | $330K | +61.0% |
Summary: East English Village 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 13.4%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 61%.
Median Sold Price Compared To Nearby Neighborhoods
| Upper East | $50.1K | $60K | +19.8% |
| Denby | $53.2K | $60.3K | +13.3% |
| East English Village | $185K | $177K | -4.3% |
| Lower East | $119.2K | $110K | -7.7% |
| Finney | $125K | $110K | -12.0% |
Housing Supply in East English Village, MI
How many homes are available in East English Village, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Summary: The East English Village real estate market had 36 homes for sale in November 2024, a 12.5% increase 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The East English Village 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 increased by 7.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
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 East English Village, 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 East English Village 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 East English Village, MI
How long does it take to sell a home in East English Village, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 41 Days | -15.8% |
Summary: Homes in East English Village had an average of 41 days on market in Nov 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East English Village has remained consistent over time.
Summary: During November 2024, 5 homes were sold in East English Village; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
