$1,176 Closing Credit*
$99,000
1,044 SqFt
4 Beds
•1 Full Bath
Gharian Carver, Listing Office: KW City
Is Upper West, 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, Upper West has remained a Seller's Market.
Key Takeaway
Upper West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper West, MI
How much do homes in Upper West, MI cost?
Median Sold Price
$89,414
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,262(+6.3%)
Key Takeaway
Homes in Upper West have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Upper West was $89,414 in October 2024, up 6.3% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37K | $50K | +35.1% |
| 2 Bedrooms | $50K | $59.9K | +19.8% |
| 3 Bedrooms | $87.1K | $92.5K | +6.2% |
| 4 Bedrooms | $137.9K | $139.9K | +1.5% |
| 5+ Bedrooms | $165K | $165K | 0.0% |
Summary: Upper West housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.1%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Minock Park | $95.5K | $102K | +6.8% |
| Upper West | $84.1K | $89.4K | +6.3% |
| Rosedale | $168.5K | $168K | -0.3% |
| North Rosedale Park | $203K | $191.4K | -5.7% |
| East Riverdale | $94K | $85K | -9.6% |
Housing Supply in Upper West, MI
How many homes are available in Upper West, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 628 | 702 | +11.8% |
Summary: The Upper West real estate market had 702 homes for sale in October 2024, a 11.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 92 | 92 | 0.0% |
| 3 Bedrooms | 457 | 520 | +13.8% |
| 4 Bedrooms | 62 | 73 | +17.7% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Upper West housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 120 | +17.6% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper West, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 120 homes were sold or pending in Upper West in October 2024, up by 17.6% month-over-month. Of the 120 sold homes, 46% were sold under asking, 19% were sold at asking, and 35% were sold over asking.
Days on Market for Upper West, MI
How long does it take to sell a home in Upper West, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 40 Days | +16.2% |
Summary: Homes in Upper West had an average of 40 days on market in Oct 2024, up by 16.2% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper West are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 120 homes were sold in Upper West; 57% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 15% 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.