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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Evart is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Evart, MI

How much do homes in Evart, MI cost?

Median Sold Price

$178,395

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,395(+4.3%)

Key Takeaway

Homes in Evart have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Evart was $178,395 in November 2024, up 4.3% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $136.7K$143.5K
+4.9%
2 $186K$166.6K
-10.4%
3 $170K$180K
+5.9%
4 $176.5K$219.9K
+24.6%
5+ $267K$220K
-17.6%

Summary: Evart housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes decreased by 17.6%.

Median Sold Price Compared To Nearby Cities

Evart
+4.3%
Evart Township
+4.3%

Housing Supply in Evart, MI

How many homes are available in Evart, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5045-10.0%

Summary: The Evart real estate market had 45 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 139
-30.8%
3 1818
0.0%
4 1211
-8.3%
5+ 55
0.0%

Summary: The Evart 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 decreased by 30.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Evart, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Evart in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.

Days on Market for Evart, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days92 Days+86.2%

Summary: Homes in Evart had an average of 92 days on market in Nov 2024, up by 86.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Evart; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% 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 21 Days Ago

Newest Listings in Evart, MI

Nearby Markets to Evart, MI

What housing markets are near Evart, MI?