Is Edmore, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edmore is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Edmore has remained a Seller's Market.

Key Takeaway

Edmore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Edmore, MI

How much do homes in Edmore, MI cost?

Median Sold Price

$175,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$6,500(-3.6%)

Key Takeaway

Homes in Edmore have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in Edmore was $175,000 in September 2024, down 3.6% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $123.5K$188.5K
+52.6%
3 $181.5K$175.7K
-3.2%
4 $190K$171K
-10.0%
5+ $202.5K$237.5K
+17.3%

Summary: Edmore housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 52.6%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 17.3%.

Median Sold Price Compared To Nearby Cities

Home Township
+18.6%
Edmore
-3.6%

Housing Supply in Edmore, MI

How many homes are available in Edmore, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1716-5.9%

Summary: The Edmore real estate market had 16 homes for sale in September 2024, a 5.9% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 11
0.0%
3 117
-36.4%
4 45
+25.0%
5+ 02
+100.0%

Summary: The Edmore housing inventory by bedroom type for September 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 36.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edmore, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Edmore in September 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Edmore, MI

How long does it take to sell a home in Edmore, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
14 Days36 Days+153.5%

Summary: Homes in Edmore had an average of 36 days on market in Sep 2024, up by 153.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Edmore are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 4 homes were sold in Edmore; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Edmore, MI

Nearby Markets to Edmore, MI