$3,325 Closing Credit*
$280,000
1,726 SqFt
3 Beds
•2 Full Baths, 2 Partial
#50160992, Maria McGuire, Listing Office: RE/MAX Eclipse New Baltimore
Is Trenton, 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, 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
$235,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+4.4%)
Key Takeaway
Homes in Trenton have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Trenton was $235,000 in October 2024, up 4.4% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81.7K | $116K | +41.9% |
| 2 Bedrooms | $140K | $152K | +8.6% |
| 3 Bedrooms | $229K | $241.9K | +5.7% |
| 4 Bedrooms | $320K | $335K | +4.7% |
| 5+ Bedrooms | $335K | $384K | +14.6% |
Summary: Trenton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.9%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
| Woodhaven | $245K | $265K | +8.2% |
| Grosse Ile Township | $353.2K | $370K | +4.7% |
| Grosse Ile | $353.2K | $370K | +4.7% |
| Trenton | $225K | $235K | +4.4% |
| Riverview | $200K | $202.5K | +1.3% |
Housing Supply in Trenton, MI
How many homes are available in Trenton, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 89 | 0.0% |
Summary: The Trenton real estate market had 89 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 26 | 24 | -7.7% |
| 3 Bedrooms | 38 | 42 | +10.5% |
| 4 Bedrooms | 25 | 21 | -16.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Trenton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 17 | -37.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Trenton, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Trenton in October 2024, down by 37.0% month-over-month. Of the 17 sold homes, 59% were sold under asking, 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 20 Days | +9.5% |
Summary: Homes in Trenton had an average of 20 days on market in Oct 2024, up by 9.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Trenton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Trenton; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% 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.