$593 Closing Credit*
$49,900
1,504 SqFt
3 Beds
•1 Full Bath, 1 Partial
Theresa Williams, Listing Office: Keller Williams Home
Is Near West, 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, Near West has remained a Seller's Market.
Key Takeaway
Near West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Near West, MI
How much do homes in Near West, MI cost?
Median Sold Price
$77,250
$64/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,250(+10.4%)
Key Takeaway
Homes in Near West have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Near West was $77,250 in November 2024, up 10.4% from last year, and the median price per square foot was $64.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $58K | N/A |
| 2 Bedrooms | $47K | $55K | +17.0% |
| 3 Bedrooms | $67.5K | $71.7K | +6.3% |
| 4 Bedrooms | $90K | $115K | +27.8% |
| 5+ Bedrooms | $69.7K | $126.5K | +81.4% |
Summary: Near West 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 17%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 81.4%.
Housing Supply in Near West, MI
How many homes are available in Near West, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 76 | +13.4% |
Summary: The Near West real estate market had 76 homes for sale in November 2024, a 13.4% increase 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 | 11 | 11 | 0.0% |
| 3 Bedrooms | 34 | 41 | +20.6% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Near West 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 increased by 20.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Near West, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Near West in November 2024, down by 6.3% month-over-month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.
Days on Market for Near West, MI
How long does it take to sell a home in Near West, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 22 Days | -21.9% |
Summary: Homes in Near West had an average of 22 days on market in Nov 2024, down by 21.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Near West are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Near West; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% 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.