$1,899 Closing Credit*
$159,900
1,394 SqFt
4 Beds
•1 Full Bath, 1 Partial
Mujtaba Sanad, Listing Office: Keller Williams Legacy
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 October 2023
Since last year, East English Village has remained a Seller's Market.
Key Takeaway
East English Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East English Village, MI
How much do homes in East English Village, MI cost?
Median Sold Price
$177,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, down 4.3% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $119K | $120K | +0.8% |
| 3 Bedrooms | $185K | $172K | -7.0% |
| 4 Bedrooms | $184.1K | $200K | +8.6% |
| 5+ Bedrooms | $157.5K | $275K | +74.6% |
Summary: East English Village housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 74.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Upper East | $49.9K | $59.9K | +20.1% |
| Denby | $50K | $60K | +20.0% |
| East English Village | $185K | $177K | -4.3% |
| Lower East | $121K | $107.2K | -11.5% |
| Finney | $124.5K | $110K | -11.6% |
Housing Supply in East English Village, MI
How many homes are available in East English Village, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 34 | +30.8% |
Summary: The East English Village real estate market had 34 homes for sale in October 2024, a 30.8% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 20 | 27 | +35.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The East English Village 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 decreased by 33.3%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East English Village, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in East English Village in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 12 Days | -34.1% |
Summary: Homes in East English Village had an average of 12 days on market in Oct 2024, down by 34.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East English Village are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in East English Village; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.