$533 Closing Credit*
$44,900
1,444 SqFt
5 Beds
•1 Full Bath, 1 Partial
David Antonick, Listing Office: Brookstone, Realtors LLC
Is North, 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, North was a Seller's Market.
Key Takeaway
North is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North, MI
How much do homes in North, MI cost?
Median Sold Price
$125,416
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,979(+7.7%)
Key Takeaway
Homes in North have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in North was $125,416 in November 2024, up 7.7% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93K | $130K | +39.8% |
| 2 Bedrooms | $44K | $55K | +25.0% |
| 3 Bedrooms | $110K | $121.5K | +10.5% |
| 4 Bedrooms | $147K | $164.4K | +11.9% |
| 5+ Bedrooms | $299K | $280K | -6.4% |
Summary: North housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.8%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Pembroke | $96.1K | $115K | +19.7% |
| Bagley Community | $180K | $203.5K | +13.1% |
| Bagley | $157.5K | $170.6K | +8.4% |
| North | $116.4K | $125.4K | +7.7% |
Housing Supply in North, MI
How many homes are available in North, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 425 | 441 | +3.8% |
Summary: The North real estate market had 441 homes for sale in November 2024, a 3.8% increase 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 | 32 | 32 | 0.0% |
| 3 Bedrooms | 283 | 283 | 0.0% |
| 4 Bedrooms | 75 | 84 | +12.0% |
| 5+ Bedrooms | 34 | 41 | +20.6% |
Summary: The North 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 remained the same, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 20.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 52 | -38.8% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North, you may be able to get a good deal. 44.2% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in North in November 2024, down by 38.8% month-over-month. Of the 52 sold homes, 44% were sold under asking, 15% were sold at asking, and 40% were sold over asking.
Days on Market for North, MI
How long does it take to sell a home in North, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 38 Days | -11.5% |
Summary: Homes in North had an average of 38 days on market in Nov 2024, down by 11.5% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 52 homes were sold in North; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 12% 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.