Michael Bingaman, Listing Office: Century 21 Affiliated
Is Saint Joseph, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Saint Joseph has remained a Seller's Market.
Key Takeaway
Saint Joseph is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Joseph, MI
How much do homes in Saint Joseph, MI cost?
Median Sold Price
$310,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+5.1%)
Key Takeaway
Homes in Saint Joseph have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Saint Joseph was $310,000 in November 2024, up 5.1% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170.5K | $144K | -15.5% |
| 2 Bedrooms | $250K | $260K | +4.0% |
| 3 Bedrooms | $276K | $310K | +12.3% |
| 4 Bedrooms | $445K | $415K | -6.7% |
| 5+ Bedrooms | $573.2K | $745K | +30.0% |
Summary: Saint Joseph housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.5%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 30%.
Median Sold Price Compared To Nearby Cities
| Benton Harbor | $155K | $180K | +16.1% |
| Saint Joseph Charter Township | $260K | $279.4K | +7.5% |
| Saint Joseph | $295K | $310K | +5.1% |
Housing Supply in Saint Joseph, MI
How many homes are available in Saint Joseph, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 51 | -8.9% |
Summary: The Saint Joseph real estate market had 51 homes for sale in November 2024, a 8.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 15 | -21.1% |
| 3 Bedrooms | 29 | 27 | -6.9% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Saint Joseph 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 decreased by 21.1%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Joseph, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Saint Joseph in November 2024, down by 21.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 0% were sold at asking, and 27% were sold over asking.
Days on Market for Saint Joseph, MI
How long does it take to sell a home in Saint Joseph, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 38 Days | -25.3% |
Summary: Homes in Saint Joseph had an average of 38 days on market in Nov 2024, down by 25.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Saint Joseph are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Saint Joseph; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
