$3,205 Closing Credit*
$269,900
2,490 SqFt
4 Beds
•3 Full Baths
Julie Hackworth, Listing Office: ERA REARDON REALTY, L.L.C.
Is Spring Arbor, 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, Spring Arbor has remained a Seller's Market.
Key Takeaway
Spring Arbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Arbor, MI
How much do homes in Spring Arbor, MI cost?
Median Sold Price
$279,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,600(+5.5%)
Key Takeaway
Homes in Spring Arbor have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Spring Arbor was $279,500 in November 2024, up 5.5% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165.5K | $170K | +2.7% |
| 3 Bedrooms | $260K | $274K | +5.4% |
| 4 Bedrooms | $323.2K | $320K | -1.0% |
| 5+ Bedrooms | $319K | $392K | +22.9% |
Summary: Spring Arbor 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 2.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Cities
| Spring Arbor | $264.9K | $279.5K | +5.5% |
| Spring Arbor Township | $241K | $250K | +3.7% |
| Concord Township | $235K | $230K | -2.1% |
| Horton | $350K | $335K | -4.3% |
Housing Supply in Spring Arbor, MI
How many homes are available in Spring Arbor, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Summary: The Spring Arbor real estate market had 11 homes for sale in November 2024, a 21.4% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Spring Arbor 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Arbor, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Spring Arbor in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Spring Arbor, MI
How long does it take to sell a home in Spring Arbor, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 99 Days | +112.9% |
Summary: Homes in Spring Arbor had an average of 99 days on market in Nov 2024, up by 112.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Spring Arbor has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Spring Arbor; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
