$2,196 Closing Credit*
$184,900
1,402 SqFt
3 Beds
•1 Full Bath
David Seekell, Listing Office: Five Star Real Estate (Eastown)
Is South East End, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, South East End has remained a Seller's Market.
Key Takeaway
South East End is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South East End, MI
How much do homes in South East End, MI cost?
Median Sold Price
$255,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+15.9%)
Key Takeaway
Homes in South East End have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in South East End was $255,000 in October 2024, up 15.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $186.2K | $217.5K | +16.8% |
| 3 Bedrooms | $218.5K | $259.9K | +18.9% |
| 4 Bedrooms | $269.6K | $243.6K | -9.7% |
| 5+ Bedrooms | $220K | $261.5K | +18.9% |
Summary: South East End housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 18.9%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Baxter | $182K | $220K | +20.9% |
| Oakdale | $185K | $218.3K | +18.0% |
| South East End | $220K | $255K | +15.9% |
Housing Supply in South East End, MI
How many homes are available in South East End, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 51 | +13.3% |
Summary: The South East End real estate market had 51 homes for sale in October 2024, a 13.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 25 | 31 | +24.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The South East End housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South East End, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in South East End in October 2024, up by 15.4% month-over-month. Of the 15 sold homes, 33% were sold under asking, 7% were sold at asking, and 60% were sold over asking.
Days on Market for South East End, MI
How long does it take to sell a home in South East End, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 25 Days | +98.9% |
Summary: Homes in South East End had an average of 25 days on market in Oct 2024, up by 98.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South East End are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in South East End; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% 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.