$1,769 Closing Credit*
$149,000
854 SqFt
3 Beds
•1 Full Bath
Benjamin Margolis, Listing Office: Max Broock Realtors
Is Upper West, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Upper West was a Seller's Market.
Key Takeaway
Upper West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Upper West, MI
How much do homes in Upper West, MI cost?
Median Sold Price
$89,999
$71/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,050(+9.8%)
Key Takeaway
Homes in Upper West have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Upper West was $89,999 in November 2024, up 9.8% from last year, and the median price per square foot was $71.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37K | $41.2K | +11.5% |
| 2 Bedrooms | $51K | $57K | +11.8% |
| 3 Bedrooms | $85K | $94K | +10.7% |
| 4 Bedrooms | $128K | $142.5K | +11.3% |
| 5+ Bedrooms | $155K | $180K | +16.1% |
Summary: Upper West housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 16.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Minock Park | $92.5K | $104.5K | +13.0% |
| Upper West | $81.9K | $89.9K | +9.8% |
| Rosedale | $162K | $173K | +6.8% |
| North Rosedale Park | $179.9K | $189K | +5.1% |
| East Riverdale | $90K | $87.5K | -2.8% |
Housing Supply in Upper West, MI
How many homes are available in Upper West, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 677 | 658 | -2.8% |
Summary: The Upper West real estate market had 658 homes for sale in November 2024, a 2.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 91 | 83 | -8.8% |
| 3 Bedrooms | 501 | 502 | 0.2% |
| 4 Bedrooms | 69 | 58 | -15.9% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Upper West 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 8.8%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 139 | 88 | -36.7% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
28 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. 48.9% of homes here sold below asking price last month.
Summary: A total of 88 homes were sold or pending in Upper West in November 2024, down by 36.7% month-over-month. Of the 88 sold homes, 49% were sold under asking, 19% were sold at asking, and 32% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 49 Days | +37.9% |
Summary: Homes in Upper West had an average of 49 days on market in Nov 2024, up by 37.9% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
11 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 November 2024, 88 homes were sold in Upper West; 48% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.