$9,499 Closing Credit*
$799,900
3,434 SqFt
4 Beds
•3 Full Baths, 1 Partial
Monica Guza, Listing Office: Move MI Realty
Is Ray, 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, Ray was a Seller's Market.
Key Takeaway
Ray is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ray, MI
How much do homes in Ray, MI cost?
Median Sold Price
$405,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$103,500(+34.3%)
Key Takeaway
Homes in Ray have sold for 34.3% more than they did a year ago.
Summary: The median home sold price in Ray was $405,000 in November 2024, up 34.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $132.5K | $146K | +10.2% |
| 3 Bedrooms | $282K | $403.5K | +43.1% |
| 4 Bedrooms | $825K | $640K | -22.4% |
| 5+ Bedrooms | $436.5K | $300K | -31.3% |
Summary: Ray housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 43.1%, 4 bedroom homes decreased by 22.4%, and 5+ bedroom homes decreased by 31.3%.
Median Sold Price Compared To Nearby Cities
| Ray | $301.5K | $405K | +34.3% |
| Ray Township | $301.5K | $405K | +34.3% |
| Lenox Township | $307.5K | $308K | 0.2% |
| Washington Township | $429.5K | $430.5K | 0.2% |
Housing Supply in Ray, MI
How many homes are available in Ray, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The Ray real estate market had 12 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ray 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 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ray, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Ray in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ray, MI
How long does it take to sell a home in Ray, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 118 Days | 32 Days | -72.9% |
Summary: Homes in Ray had an average of 32 days on market in Nov 2024, down by 72.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ray has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Ray; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.