$736 Closing Credit*
$62,000
1,936 SqFt
2 Full Baths
Edwin Vento, Listing Office: RE/MAX Leading Edge
Is Midtown, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Midtown was a Neutral Market.
Key Takeaway
Midtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Midtown, MI
How much do homes in Midtown, MI cost?
Median Sold Price
$135,750
$68/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,750(+11.3%)
Key Takeaway
Homes in Midtown have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Midtown was $135,750 in November 2024, up 11.3% from last year, and the median price per square foot was $68.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154.1K | $112K | -27.3% |
| 2 Bedrooms | $119.5K | $191.7K | +60.5% |
| 3 Bedrooms | $70K | $87.5K | +25.0% |
| 4 Bedrooms | $172K | $170.7K | -0.7% |
| 5+ Bedrooms | $260K | $250K | -3.8% |
Summary: Midtown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.3%, 2 bedroom homes increased by 60.5%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Rosa Parks | $72.5K | $157K | +116.6% |
| Virginia Park | $229.9K | $361.7K | +57.3% |
| Midtown | $122K | $135.7K | +11.3% |
| Boston-Edison | $395K | $354.5K | -10.3% |
| Middle Woodward | $240K | $195K | -18.8% |
Housing Supply in Midtown, MI
How many homes are available in Midtown, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 241 | 258 | +7.1% |
Summary: The Midtown real estate market had 258 homes for sale in November 2024, a 7.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 99 | 112 | +13.1% |
| 4 Bedrooms | 54 | 55 | +1.9% |
| 5+ Bedrooms | 57 | 62 | +8.8% |
Summary: The Midtown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 24 | -27.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midtown, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Midtown in November 2024, down by 27.3% month-over-month. Of the 24 sold homes, 63% were sold under asking, 8% were sold at asking, and 29% were sold over asking.
Days on Market for Midtown, MI
How long does it take to sell a home in Midtown, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 75 Days | +118.6% |
Summary: Homes in Midtown had an average of 75 days on market in Nov 2024, up by 118.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midtown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in Midtown; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.