$1,900 Closing Credit*
$160,000
1,394 SqFt
2 Beds
•1 Full Bath, 2 Partial
Stacy Cataldo, Listing Office: Campbell Realty Investments Co
Is Trenton, 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, Trenton has remained a Seller's Market.
Key Takeaway
Trenton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Trenton, MI
How much do homes in Trenton, MI cost?
Median Sold Price
$232,525
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,425(+1.9%)
Key Takeaway
Homes in Trenton have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Trenton was $232,525 in November 2024, up 1.9% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81.7K | $116K | +41.9% |
| 2 Bedrooms | $140K | $150K | +7.1% |
| 3 Bedrooms | $230K | $241.9K | +5.2% |
| 4 Bedrooms | $322.5K | $327K | +1.4% |
| 5+ Bedrooms | $330.9K | $384K | +16.0% |
Summary: Trenton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.9%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
| Riverview | $194.7K | $211.5K | +8.6% |
| Woodhaven | $248K | $265K | +6.9% |
| Grosse Ile Township | $348K | $370K | +6.3% |
| Grosse Ile | $348K | $370K | +6.3% |
| Trenton | $228.1K | $232.5K | +1.9% |
Housing Supply in Trenton, MI
How many homes are available in Trenton, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 77 | -18.9% |
Summary: The Trenton real estate market had 77 homes for sale in November 2024, a 18.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 25 | 21 | -16.0% |
| 3 Bedrooms | 43 | 35 | -18.6% |
| 4 Bedrooms | 25 | 20 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Trenton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16%, 3 bedroom homes decreased by 18.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Trenton, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Trenton in November 2024, down by 4.3% month-over-month. Of the 22 sold homes, 55% were sold under asking, 5% were sold at asking, and 41% were sold over asking.
Days on Market for Trenton, MI
How long does it take to sell a home in Trenton, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 27 Days | +79.2% |
Summary: Homes in Trenton had an average of 27 days on market in Nov 2024, up by 79.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Trenton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Trenton; 59% of homes were sold within 30 days, 36% 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.