Is Northside, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northside is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Northside has remained a Seller's Market.

Key Takeaway

Northside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northside, MI

How much do homes in Northside, MI cost?

Median Sold Price

$120,000

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,500(+10.6%)

Key Takeaway

Homes in Northside have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Northside was $120,000 in November 2024, up 10.6% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $51.5K$78.9K
+53.3%
2 $93.2K$108K
+15.8%
3 $120K$136K
+13.3%
4 $155K$155K
0.0%
5+ $23.5K$220K
+836.2%

Summary: Northside housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.3%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 13.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 836.2%.

Median Sold Price Compared To Nearby Neighborhoods

Northside
+10.6%
Creston Area
+8.5%
Northtown
+7.8%

Housing Supply in Northside, MI

How many homes are available in Northside, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2528+12.0%

Summary: The Northside real estate market had 28 homes for sale in November 2024, a 12.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 912
+33.3%
3 911
+22.2%
4 53
-40.0%
5+ 22
0.0%

Summary: The Northside 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 increased by 33.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northside, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Northside in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Northside, MI

How long does it take to sell a home in Northside, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
12 Days10 Days-19.0%

Summary: Homes in Northside had an average of 10 days on market in Nov 2024, down by 19% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northside are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in Northside; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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