$3,264 Closing Credit*
$274,900
2,372 SqFt
3 Beds
•1 Full Bath, 1 Partial
Ali T Charara, Listing Office: Century 21 Curran & Oberski
Is Southwest, 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, Southwest has remained a Seller's Market.
Key Takeaway
Southwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwest, MI
How much do homes in Southwest, MI cost?
Median Sold Price
$220,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,000(+18.3%)
Key Takeaway
Homes in Southwest have sold for 18.3% more than they did a year ago.
Summary: The median home sold price in Southwest was $220,000 in November 2024, up 18.3% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $142.1K | $160K | +12.6% |
| 3 Bedrooms | $189.7K | $225K | +18.6% |
| 4 Bedrooms | $221K | $267.5K | +21.0% |
| 5+ Bedrooms | $207.5K | $329K | +58.6% |
Summary: Southwest 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 12.6%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 21%, and 5+ bedroom homes increased by 58.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Southwest | $186K | $220K | +18.3% |
| Crestview | $215K | $250K | +16.3% |
| Snow Woods | $217.5K | $240K | +10.3% |
| Duvall / Edison | $230K | $245K | +6.5% |
Housing Supply in Southwest, MI
How many homes are available in Southwest, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Summary: The Southwest real estate market had 25 homes for sale in November 2024, a 4.2% increase 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 | 4 | -33.3% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southwest 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 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Southwest in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for Southwest, MI
How long does it take to sell a home in Southwest, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 7 Days | -41.9% |
Summary: Homes in Southwest had an average of 7 days on market in Nov 2024, down by 41.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwest are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Southwest; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
