$1,188 Closing Credit*
$100,000
3 Beds
•1 Full Bath
Kristian Freiwald, Listing Office: Kristian Freiwald
Is Regent Park, 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, Regent Park was a Seller's Market.
Key Takeaway
Regent Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Regent Park, MI
How much do homes in Regent Park, MI cost?
Median Sold Price
$60,000
$53/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Regent Park has remained the same since last year.
Summary: The median home sold price in Regent Park was $60,000 in November 2024, the same as last year, and the median price per square foot was $53.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $38K | $42.7K | +12.5% |
| 3 Bedrooms | $60K | $63.2K | +5.4% |
| 4 Bedrooms | $73.6K | $50K | -32.1% |
| 5+ Bedrooms | $165K | - | N/A |
Summary: Regent Park 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 12.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 32.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Mount Olivet | $49K | $63.5K | +29.6% |
| Upper East | $50.1K | $60K | +19.8% |
| Regent Park | $60K | $60K | 0.0% |
| Burbank | $50.1K | $50K | -0.2% |
Housing Supply in Regent Park, MI
How many homes are available in Regent Park, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 54 | -6.9% |
Summary: The Regent Park real estate market had 54 homes for sale in November 2024, a 6.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 44 | 37 | -15.9% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Regent Park 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 8.3%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 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. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Regent Park in November 2024, down by 50.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 53 Days | +158.3% |
Summary: Homes in Regent Park had an average of 53 days on market in Nov 2024, up by 158.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were 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 November 2024, 5 homes were sold in Regent Park; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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.