$4,144 Closing Credit*
$349,000
1,284 SqFt
4 Beds
•2 Full Baths
Brooke M Passchier, Listing Office: Five Star Real Estate (Grandv)
Is East Hills, 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 Hills has remained a Seller's Market.
Key Takeaway
East Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Hills, MI
How much do homes in East Hills, MI cost?
Median Sold Price
$279,950
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$55,050(-16.4%)
Key Takeaway
Homes in East Hills have sold for 16.4% less than they did a year ago.
Summary: The median home sold price in East Hills was $279,950 in October 2024, down 16.4% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $280K | $189.1K | -32.5% |
| 3 Bedrooms | $337.5K | $293K | -13.2% |
| 4 Bedrooms | $310K | $252K | -18.7% |
| 5+ Bedrooms | $600K | $399K | -33.5% |
Summary: East Hills 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 decreased by 32.5%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes decreased by 33.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Eastown | $342K | $368K | +7.6% |
| Midtown | $271K | $273.5K | +0.9% |
| East Hills | $335K | $279.9K | -16.4% |
Housing Supply in East Hills, MI
How many homes are available in East Hills, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Summary: The East Hills real estate market had 16 homes for sale in October 2024, a 33.3% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The East Hills 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 50%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Hills, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in East Hills in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for East Hills, MI
How long does it take to sell a home in East Hills, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 26 Days | +85.7% |
Summary: Homes in East Hills had an average of 26 days on market in Oct 2024, up by 85.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Hills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in East Hills; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
