$39,900
0.39 Acres
Land
Nicholas Ramsey, Listing Office: New Michigan Realty
Is Linden, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Linden was a Neutral Market.
Key Takeaway
Linden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Linden, MI
How much do homes in Linden, MI cost?
Median Sold Price
$335,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,550(+1.7%)
Key Takeaway
Homes in Linden have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Linden was $335,000 in October 2024, up 1.7% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | - | N/A |
| 2 Bedrooms | $260K | $265K | +1.9% |
| 3 Bedrooms | $319K | $314K | -1.6% |
| 4 Bedrooms | $400K | $385K | -3.8% |
| 5+ Bedrooms | $420K | $557.5K | +32.7% |
Summary: Linden 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 1.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 32.7%.
Median Sold Price Compared To Nearby Cities
| Fenton Charter Township | $329K | $345K | +4.8% |
| Linden | $329.4K | $335K | +1.7% |
Housing Supply in Linden, MI
How many homes are available in Linden, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 77 | -6.1% |
Summary: The Linden real estate market had 77 homes for sale in October 2024, a 6.1% decrease 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 | 13 | 5 | -61.5% |
| 3 Bedrooms | 41 | 43 | +4.9% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Linden 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 decreased by 61.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Linden, 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 Linden in October 2024, down by 9.1% month-over-month. Of the 20 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Linden, MI
How long does it take to sell a home in Linden, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 19 Days | +16.0% |
Summary: Homes in Linden had an average of 19 days on market in Oct 2024, up by 16% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Linden are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in Linden; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.