Is Tireman, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tireman is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Tireman was a Seller's Market.

Key Takeaway

Tireman is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Tireman, MI

How much do homes in Tireman, MI cost?

Median Sold Price

$45,500

$29/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,400(+26.0%)

Key Takeaway

Homes in Tireman have sold for 26% more than they did a year ago.

Summary: The median home sold price in Tireman was $45,500 in November 2024, up 26% from last year, and the median price per square foot was $29.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$65K
N/A
2 $21.5K$35K
+62.8%
3 $41.9K$34.9K
-16.8%
4 $40K$62.5K
+56.3%
5+ $38.1K$61K
+60.1%

Summary: Tireman 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 62.8%, 3 bedroom homes decreased by 16.8%, 4 bedroom homes increased by 56.3%, and 5+ bedroom homes increased by 60.1%.

Median Sold Price Compared To Nearby Neighborhoods

Rosa Parks
+116.6%
Tireman
+26.0%
Winterhalter
+18.6%

Housing Supply in Tireman, MI

How many homes are available in Tireman, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2023+15.0%

Summary: The Tireman real estate market had 23 homes for sale in November 2024, a 15.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1115
+36.4%
4 55
0.0%
5+ 00
0.0%

Summary: The Tireman 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 25%, 3 bedroom homes increased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tireman, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Tireman in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Tireman, MI

How long does it take to sell a home in Tireman, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
30 Days8 Days-73.8%

Summary: Homes in Tireman had an average of 8 days on market in Nov 2024, down by 73.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tireman are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Tireman; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Tireman, MI

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