$159,000
13.56 Acres
Land
Karen S Esker, Listing Office: Berkshire Hathaway HomeServices Michigan Real Est
Is Metamora, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Metamora has remained a Seller's Market.
Key Takeaway
Metamora is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Metamora, MI
How much do homes in Metamora, MI cost?
Median Sold Price
$409,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$69,000(+20.3%)
Key Takeaway
Homes in Metamora have sold for 20.3% more than they did a year ago.
Summary: The median home sold price in Metamora was $409,000 in November 2024, up 20.3% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215K | N/A |
| 2 Bedrooms | $198K | $275K | +38.9% |
| 3 Bedrooms | $324.5K | $370K | +14.0% |
| 4 Bedrooms | $399K | $500K | +25.3% |
| 5+ Bedrooms | $610K | $739.9K | +21.3% |
Summary: Metamora 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 38.9%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 25.3%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Cities
| Metamora Township | $340K | $409.4K | +20.4% |
| Metamora | $340K | $409K | +20.3% |
Housing Supply in Metamora, MI
How many homes are available in Metamora, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 34 | -8.1% |
Summary: The Metamora real estate market had 34 homes for sale in November 2024, a 8.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Metamora 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 remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Metamora, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Metamora in November 2024, up by 11.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 0% were sold at asking, and 30% were sold over asking.
Days on Market for Metamora, MI
How long does it take to sell a home in Metamora, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 70 Days | +37.2% |
Summary: Homes in Metamora had an average of 70 days on market in Nov 2024, up by 37.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Metamora are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 10 homes were sold in Metamora; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 40% 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.