$5,936 Closing Credit*
$499,900
2,000 SqFt
3 Beds
•2 Full Baths, 1 Partial
Eric Shedd, Gage Moravec, Listing Office: Nexes Realty Muskegon
Is Nims, 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, Nims has remained a Seller's Market.
Key Takeaway
Nims is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nims, MI
How much do homes in Nims, MI cost?
Median Sold Price
$154,900
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$900(+0.6%)
Key Takeaway
Homes in Nims have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Nims was $154,900 in November 2024, up 0.6% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $178K | $125K | -29.8% |
| 2 Bedrooms | $136K | $151K | +11.0% |
| 3 Bedrooms | $180K | $155.5K | -13.6% |
| 4 Bedrooms | $195K | $189.9K | -2.6% |
| 5+ Bedrooms | $155K | $206K | +32.9% |
Summary: Nims housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.8%, 2 bedroom homes increased by 11%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 32.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Campbell Field | $140K | $153.4K | +9.6% |
| Nims | $154K | $154.9K | +0.6% |
| Nelson | $204K | $185K | -9.3% |
Housing Supply in Nims, MI
How many homes are available in Nims, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Summary: The Nims real estate market had 13 homes for sale in November 2024, a 13.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Nims 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 decreased by 42.9%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Nims, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Nims in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Nims, MI
How long does it take to sell a home in Nims, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 27 Days | +89.2% |
Summary: Homes in Nims had an average of 27 days on market in Nov 2024, up by 89.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nims are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Nims; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
