Is Old Everett, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Everett is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Old Everett, MI

How much do homes in Old Everett, MI cost?

Median Sold Price

$136,000

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,500(+11.0%)

Key Takeaway

Homes in Old Everett have sold for 11% more than they did a year ago.

Summary: The median home sold price in Old Everett was $136,000 in October 2024, up 11% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $58.5K$95.7K
+63.7%
2 $101.5K$107K
+5.4%
3 $134.5K$143K
+6.3%
4 $156K$160.3K
+2.8%
5+ -$149K
N/A

Summary: Old Everett housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.7%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Southside
+11.5%
Old Everett
+11.0%
Clifford Park
+10.8%

Housing Supply in Old Everett, MI

How many homes are available in Old Everett, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4754+14.9%

Summary: The Old Everett real estate market had 54 homes for sale in October 2024, a 14.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 02
+100.0%
2 1116
+45.5%
3 2625
-3.8%
4 1011
+10.0%
5+ 00
0.0%

Summary: The Old Everett housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 45.5%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1513-13.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Everett, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Old Everett in October 2024, down by 13.3% month-over-month. Of the 13 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% were sold over asking.

Days on Market for Old Everett, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days17 Days+10.9%

Summary: Homes in Old Everett had an average of 17 days on market in Oct 2024, up by 10.9% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 13 homes were sold in Old Everett; 77% of homes were sold within 30 days, 23% 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 20 Days Ago

Newest Listings in Old Everett, MI

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