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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Finney is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Finney was a Seller's Market.

Key Takeaway

Finney is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Finney, MI

How much do homes in Finney, MI cost?

Median Sold Price

$110,000

$78/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$15,000(-12.0%)

Key Takeaway

Homes in Finney have sold for 12% less than they did a year ago.

Summary: The median home sold price in Finney was $110,000 in November 2024, down 12% from last year, and the median price per square foot was $78.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$38.5K
N/A
2 $64K$65K
+1.6%
3 $119K$110K
-7.6%
4 $162.5K$142.5K
-12.3%
5+ $160K$165K
+3.1%

Summary: Finney 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 1.6%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Neighborhoods

Denby
+13.3%
East English Village
-4.3%
Finney
-12.0%
Morningside
-14.3%

Housing Supply in Finney, MI

How many homes are available in Finney, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
199214+7.5%

Summary: The Finney real estate market had 214 homes for sale in November 2024, a 7.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 55
0.0%
2 2325
+8.7%
3 131142
+8.4%
4 2931
+6.9%
5+ 1111
0.0%

Summary: The Finney 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 increased by 8.7%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3327-18.2%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Finney, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Finney in November 2024, down by 18.2% month-over-month. Of the 27 sold homes, 59% were sold under asking, 4% were sold at asking, and 37% were sold over asking.

Days on Market for Finney, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
64 Days32 Days-50.0%

Summary: Homes in Finney had an average of 32 days on market in Nov 2024, down by 50% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 27 homes were sold in Finney; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% 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

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