$653 Closing Credit*
$55,000
716 SqFt
2 Beds
•1 Full Bath
Ahsan Tarar, Listing Office: KW Domain
Is Nolan, 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, Nolan was a Seller's Market.
Key Takeaway
Nolan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nolan, MI
How much do homes in Nolan, MI cost?
Median Sold Price
$48,888
$43/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,888(+8.6%)
Key Takeaway
Homes in Nolan have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Nolan was $48,888 in November 2024, up 8.6% from last year, and the median price per square foot was $43.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $35K | $55K | +57.1% |
| 3 Bedrooms | $47.7K | $44.4K | -7.0% |
| 4 Bedrooms | $45.7K | $60K | +31.1% |
| 5+ Bedrooms | $55K | $45K | -18.2% |
Summary: Nolan 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 57.1%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes decreased by 18.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Pershing | $47K | $60K | +27.7% |
| North East | $51.8K | $60K | +15.7% |
| Nolan | $45K | $48.8K | +8.6% |
| Grixdale | $41.5K | $44.8K | +8.0% |
Housing Supply in Nolan, MI
How many homes are available in Nolan, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 46 | -14.8% |
Summary: The Nolan real estate market had 46 homes for sale in November 2024, a 14.8% decrease 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 | 12 | 8 | -33.3% |
| 3 Bedrooms | 36 | 34 | -5.6% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Nolan 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 33.3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Asking Price vs. Sold Price
4 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 Nolan, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Nolan in November 2024, down by 58.3% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Nolan, MI
How long does it take to sell a home in Nolan, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 17 Days | -58.6% |
Summary: Homes in Nolan had an average of 17 days on market in Nov 2024, down by 58.6% compared to last year.
Breakdown of Home Sale Times
4 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 Nolan are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Nolan; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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.