$4,572 Closing Credit*
$385,000
2,605 SqFt
4 Beds
•2 Full Baths
Cassie Hufnagel, Listing Office: Stark Real Estate
Is New Era, 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, New Era has remained a Seller's Market.
Key Takeaway
New Era is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Era, MI
How much do homes in New Era, MI cost?
Median Sold Price
$270,000
$154/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$95,000(+54.3%)
Key Takeaway
Homes in New Era have sold for 54.3% more than they did a month ago.
Summary: The median home sold price in New Era was $270,000 in November 2024, up 54.3% from last month, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | - | N/A |
| 2 Bedrooms | - | $300K | N/A |
| 3 Bedrooms | $180K | $225K | +25.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $270K | N/A |
Summary: New Era housing prices by bedroom type for November 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 increased by 25%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in New Era, MI
How many homes are available in New Era, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The New Era real estate market had 12 homes for sale in November 2024, a 9.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The New Era housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Era, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in New Era in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for New Era, MI
How long does it take to sell a home in New Era, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 28 Days | +366.7% |
Summary: Homes in New Era had an average of 28 days on market in Nov 2024, up by 366.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Era are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in New Era; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
