$2,968 Closing Credit*
$249,900
2,233 SqFt
2 Full Baths
Moe A Aldhulaimi, Ahmed M Almawri, Listing Office: Real Estate One-Dbn Hts/Dbn
Is Near West, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$68,500
$55/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$66,500(-49.3%)
Key Takeaway
Homes in Near West have sold for 49.3% less than they did a month ago.
Summary: The median home sold price in Near West was $68,500 in December 2024, down 49.3% from last month, and the median price per square foot was $55.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $51.5K | N/A |
| 3 Bedrooms | $86.7K | $67K | -22.8% |
| 4 Bedrooms | $150K | $180K | +20.0% |
| 5+ Bedrooms | $197.5K | $160.7K | -18.6% |
Summary: Near West housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 22.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 18.6%.
Housing Supply in Near West, MI
How many homes are available in Near West, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 68 | 63 | -7.4% |
Summary: The Near West real estate market had 63 homes for sale in December 2024, a 7.4% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 34 | 27 | -20.6% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Near West housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 20.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 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. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Near West in December 2024, down by 17.6% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% 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 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 20 Days | 45 Days | +118.3% |
Summary: Homes in Near West had an average of 45 days on market in Dec 2024, up by 118.3% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Near West are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 14 homes were sold in Near West; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
