$2,969 Closing Credit*
$250,000
1,478 SqFt
3 Beds
•1 Full Bath, 1 Partial
Martique Duncan, Listing Office: National Realty Centers, Inc
Is East Riverside, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, East Riverside was a Neutral Market.
Key Takeaway
East Riverside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Riverside, MI
How much do homes in East Riverside, MI cost?
Median Sold Price
$186,250
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,250(+24.2%)
Key Takeaway
Homes in East Riverside have sold for 24.2% more than they did a year ago.
Summary: The median home sold price in East Riverside was $186,250 in October 2024, up 24.2% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98K | - | N/A |
| 2 Bedrooms | $119K | $165K | +38.7% |
| 3 Bedrooms | $141.2K | $147K | +4.1% |
| 4 Bedrooms | $277.5K | $230K | -17.1% |
| 5+ Bedrooms | $154K | $315K | +104.5% |
Summary: East Riverside 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 38.7%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes increased by 104.5%.
Median Sold Price Compared To Nearby Neighborhoods
| East Riverside | $150K | $186.2K | +24.2% |
| Jefferson Chalmers | $141.2K | $160K | +13.3% |
Housing Supply in East Riverside, MI
How many homes are available in East Riverside, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 31 | -6.1% |
Summary: The East Riverside real estate market had 31 homes for sale in October 2024, a 6.1% decrease 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 | 2 | 0.0% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The East Riverside 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 remained the same, 3 bedroom homes decreased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Riverside, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in East Riverside in October 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for East Riverside, MI
How long does it take to sell a home in East Riverside, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 34 Days | -48.7% |
Summary: Homes in East Riverside had an average of 34 days on market in Oct 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Riverside are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in East Riverside; 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.