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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Evergreen is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Evergreen, MI

How much do homes in Evergreen, MI cost?

Median Sold Price

$80,000

$71/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$5,000(+6.7%)

Key Takeaway

Homes in Evergreen have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Evergreen was $80,000 in December 2024, up 6.7% from last year, and the median price per square foot was $71.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $37K$32.5K
-12.2%
2 $45K$58.7K
+30.6%
3 $77K$87.5K
+13.6%
4 $100K$100K
0.0%
5+ $130K$182K
+40.0%

Summary: Evergreen housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes increased by 30.6%, 3 bedroom homes increased by 13.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 40%.

Median Sold Price Compared To Nearby Neighborhoods

Upper West
+10.4%
Riverdale
+10.1%
East Riverdale
+9.7%
Evergreen
+6.7%
North Rosedale Park
0.3%

Housing Supply in Evergreen, MI

How many homes are available in Evergreen, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
132116-12.1%

Summary: The Evergreen real estate market had 116 homes for sale in December 2024, a 12.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 2524
-4.0%
3 9984
-15.2%
4 78
+14.3%
5+ 00
0.0%

Summary: The Evergreen housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2920-31.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 20 homes were sold or pending in Evergreen in December 2024, down by 31.0% month-over-month. Of the 20 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.

Days on Market for Evergreen, MI

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

Average Sale Time

Dec 2023Dec 2024CHANGE
32 Days32 Days+0.8%

Summary: Homes in Evergreen had an average of 32 days on market in Dec 2024, up by 0.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 20 homes were sold in Evergreen; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% 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 2 Days Ago

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