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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northside is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Northside was a Seller's Market.

Key Takeaway

Northside is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Northside, MI

How much do homes in Northside, MI cost?

Median Sold Price

$120,000

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,000(+12.1%)

Key Takeaway

Homes in Northside have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Northside was $120,000 in October 2024, up 12.1% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $51.5K$78.9K
+53.3%
2 $93.2K$108.5K
+16.4%
3 $119.7K$136K
+13.6%
4 $153.2K$162K
+5.7%
5+ -$121.7K
N/A

Summary: Northside housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.3%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Creston Area
+21.3%
Northside
+12.1%
Northtown
-4.1%

Housing Supply in Northside, MI

How many homes are available in Northside, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2826-7.1%

Summary: The Northside real estate market had 26 homes for sale in October 2024, a 7.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 137
-46.2%
3 610
+66.7%
4 77
0.0%
5+ 12
+100.0%

Summary: The Northside housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 46.2%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
93-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northside, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Northside in October 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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

Oct 2023Oct 2024CHANGE
11 Days18 Days+58.8%

Summary: Homes in Northside had an average of 18 days on market in Oct 2024, up by 58.8% compared to last year.

Breakdown of Home Sale Times

3 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 October 2024, 3 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 21 Days Ago

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