$2,363 Closing Credit*
$199,000
1,021 SqFt
3 Beds
•1 Full Bath
Ronnie Ahmad, Listing Office: Keller Williams Legacy
Is Taylor, 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, Taylor has remained a Seller's Market.
Key Takeaway
Taylor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Taylor, MI
How much do homes in Taylor, MI cost?
Median Sold Price
$173,166
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,166(+11.7%)
Key Takeaway
Homes in Taylor have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Taylor was $173,166 in October 2024, up 11.7% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $51.5K | $132K | +156.3% |
| 2 Bedrooms | $110K | $115K | +4.5% |
| 3 Bedrooms | $156K | $180K | +15.4% |
| 4 Bedrooms | $253.5K | $270K | +6.5% |
| 5+ Bedrooms | $326.4K | $359.9K | +10.3% |
Summary: Taylor housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 156.3%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Dearborn Heights | $181.3K | $205K | +13.0% |
| Taylor | $155K | $173.1K | +11.7% |
| Allen Park | $196.6K | $215K | +9.3% |
| Southgate | $179.1K | $195.7K | +9.3% |
| Brownstown Charter Township | $277.5K | $300.5K | +8.3% |
Housing Supply in Taylor, MI
How many homes are available in Taylor, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 210 | 217 | +3.3% |
Summary: The Taylor real estate market had 217 homes for sale in October 2024, a 3.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 43 | 49 | +14.0% |
| 3 Bedrooms | 125 | 129 | +3.2% |
| 4 Bedrooms | 35 | 31 | -11.4% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Taylor 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 14%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 61 | -1.6% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Taylor, you could pay more than the asking price. 39.3% of homes here sold above asking price last month.
Summary: A total of 61 homes were sold or pending in Taylor in October 2024, down by 1.6% month-over-month. Of the 61 sold homes, 38% were sold under asking, 23% were sold at asking, and 39% were sold over asking.
Days on Market for Taylor, MI
How long does it take to sell a home in Taylor, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 21 Days | +52.6% |
Summary: Homes in Taylor had an average of 21 days on market in Oct 2024, up by 52.6% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Taylor are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 61 homes were sold in Taylor; 82% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 5% 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.