$5,999
0.14 Acres
Land
Eric Andrews, Listing Office: Brick and Mortar Detroit, LLC
Is Evergreen, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$77,500
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,500(+7.6%)
Key Takeaway
Homes in Evergreen have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Evergreen was $77,500 in October 2024, up 7.6% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37K | - | N/A |
| 2 Bedrooms | $45K | $58.7K | +30.6% |
| 3 Bedrooms | $75K | $81K | +8.0% |
| 4 Bedrooms | $86K | $104.5K | +21.5% |
| 5+ Bedrooms | $130K | $182K | +40.0% |
Summary: Evergreen 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 30.6%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 40%.
Median Sold Price Compared To Nearby Neighborhoods
| Evergreen | $72K | $77.5K | +7.6% |
| Upper West | $84.1K | $89.4K | +6.3% |
| North Rosedale Park | $203K | $191.4K | -5.7% |
| Riverdale | $70K | $66K | -5.7% |
| East Riverdale | $94K | $85K | -9.6% |
Housing Supply in Evergreen, MI
How many homes are available in Evergreen, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 131 | 144 | +9.9% |
Summary: The Evergreen real estate market had 144 homes for sale in October 2024, a 9.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 28 | 28 | 0.0% |
| 3 Bedrooms | 89 | 103 | +15.7% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Evergreen 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 increased by 15.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 32 | +52.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Evergreen, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Evergreen in October 2024, up by 52.4% month-over-month. Of the 32 sold homes, 31% were sold under asking, 22% were sold at asking, and 47% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 35 Days | +8.1% |
Summary: Homes in Evergreen had an average of 35 days on market in Oct 2024, up by 8.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Evergreen are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 32 homes were sold in Evergreen; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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.