$796 Closing Credit*
$67,000
1,128 SqFt
3 Beds
•1 Full Bath
Gregory White, Listing Office: Imagine Home Realty
Is Regent Park, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Regent Park was a Buyer's Market.
Key Takeaway
Regent Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Regent Park, MI
How much do homes in Regent Park, MI cost?
Median Sold Price
$72,750
$62/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$17,250(-19.2%)
Key Takeaway
Homes in Regent Park have sold for 19.2% less than they did a month ago.
Summary: The median home sold price in Regent Park was $72,750 in December 2024, down 19.2% from last month, and the median price per square foot was $62.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $26K | $90K | +246.2% |
| 3 Bedrooms | $99.7K | $71.7K | -28.0% |
| 4 Bedrooms | - | $72K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Regent Park housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 246.2%, 3 bedroom homes decreased by 28%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Regent Park, MI
How many homes are available in Regent Park, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 53 | 60 | +13.2% |
Summary: The Regent Park real estate market had 60 homes for sale in December 2024, a 13.2% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 37 | 44 | +18.9% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Regent Park 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 decreased by 8.3%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Regent Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Regent Park in December 2024, up by 100.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Regent Park, MI
How long does it take to sell a home in Regent Park, MI?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 53 Days | 35 Days | -34.7% |
Summary: Homes in Regent Park had an average of 35 days on market in Dec 2024, down by 34.7% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Regent Park are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 10 homes were sold in Regent Park; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% 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.