$135,000
0.91 Acres
Land
Kenneth Burton, Listing Office: Keller Williams Realty Lansing-East
Is Northwestside, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Northwestside has remained a Seller's Market.
Key Takeaway
Northwestside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwestside, MI
How much do homes in Northwestside, MI cost?
Median Sold Price
$190,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$10,500(+5.8%)
Key Takeaway
Homes in Northwestside have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Northwestside was $190,000 in December 2024, up 5.8% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $114.9K | $110K | -4.3% |
| 3 Bedrooms | $185K | $195K | +5.4% |
| 4 Bedrooms | $235K | $212.5K | -9.6% |
| 5+ Bedrooms | $185.7K | - | N/A |
Summary: Northwestside housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes did not change.
Housing Supply in Northwestside, MI
How many homes are available in Northwestside, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Summary: The Northwestside real estate market had 16 homes for sale in December 2024, a 15.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Northwestside housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwestside, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Northwestside in December 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Northwestside, MI
How long does it take to sell a home in Northwestside, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 26 Days | 14 Days | -44.8% |
Summary: Homes in Northwestside had an average of 14 days on market in Dec 2024, down by 44.8% compared to last year.
Breakdown of Home Sale Times
5 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 Northwestside are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 6 homes were sold in Northwestside; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.