$1,484 Closing Credit*
$125,000
1,054 SqFt
3 Beds
•1 Full Bath
Tiffany Szakal, Listing Office: The Local Element
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 November 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
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+13.3%)
Key Takeaway
Homes in South East End have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in South East End was $255,000 in November 2024, up 13.3% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $186.2K | $215K | +15.5% |
| 3 Bedrooms | $224.7K | $259.9K | +15.6% |
| 4 Bedrooms | $269.7K | $256K | -5.1% |
| 5+ Bedrooms | $217K | $265K | +22.1% |
Summary: South East End 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 15.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 22.1%.
Median Sold Price Compared To Nearby Neighborhoods
| South East End | $225K | $255K | +13.3% |
| Baxter | $204.9K | $215K | +4.9% |
Housing Supply in South East End, MI
How many homes are available in South East End, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 40 | -18.4% |
Summary: The South East End real estate market had 40 homes for sale in November 2024, a 18.4% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 30 | 21 | -30.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South East End 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 remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 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. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in South East End in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 15% were sold under asking, 23% were sold at asking, and 62% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 12 Days | -17.0% |
Summary: Homes in South East End had an average of 12 days on market in Nov 2024, down by 17% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were 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 November 2024, 13 homes were sold in South East End; 92% of homes were sold within 30 days, 8% 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.