$3,561 Closing Credit*
$299,900
2,706 SqFt
2 Full Baths
Benjamin Ness, Alex Lauer, Listing Office: Clyde Realty LLC
Is East Riverside, 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 Riverside was a Seller's Market.
Key Takeaway
East Riverside is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Riverside, MI
How much do homes in East Riverside, MI cost?
Median Sold Price
$185,000
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+23.3%)
Key Takeaway
Homes in East Riverside have sold for 23.3% more than they did a year ago.
Summary: The median home sold price in East Riverside was $185,000 in November 2024, up 23.3% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98K | - | N/A |
| 2 Bedrooms | $119K | $165K | +38.7% |
| 3 Bedrooms | $136K | $152K | +11.8% |
| 4 Bedrooms | $265K | $221K | -16.6% |
| 5+ Bedrooms | $154K | $249K | +61.7% |
Summary: East Riverside 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 38.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 16.6%, and 5+ bedroom homes increased by 61.7%.
Median Sold Price Compared To Nearby Neighborhoods
| East Riverside | $150K | $185K | +23.3% |
| Jefferson Chalmers | $136.5K | $160K | +17.2% |
Housing Supply in East Riverside, MI
How many homes are available in East Riverside, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The East Riverside real estate market had 28 homes for sale in November 2024, a 6.7% decrease 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 | 21 | 20 | -4.8% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The East Riverside 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 decreased by 4.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
2 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 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 3 homes were sold or pending in East Riverside in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 19 Days | -53.3% |
Summary: Homes in East Riverside had an average of 19 days on market in Nov 2024, down by 53.3% compared to last year.
Breakdown of Home Sale Times
2 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 Riverside are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in East Riverside; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
