$5,985 Closing Credit*
$503,990
1,794 SqFt
2 Beds
•2 Full Baths
Heather S Shaffer, Listing Office: PH Relocation Services LLC
Is Utica, 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, Utica has remained a Seller's Market.
Key Takeaway
Utica is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Utica, MI
How much do homes in Utica, MI cost?
Median Sold Price
$486,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$46,500(-8.7%)
Key Takeaway
Homes in Utica have sold for 8.7% less than they did a year ago.
Summary: The median home sold price in Utica was $486,000 in November 2024, down 8.7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | $219.9K | $225K | +2.3% |
| 3 Bedrooms | $295K | $341.7K | +15.8% |
| 4 Bedrooms | $650.5K | $620K | -4.7% |
| 5+ Bedrooms | $689.9K | $682.2K | -1.1% |
Summary: Utica 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 2.3%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Sterling Heights | $285.5K | $305.1K | +6.9% |
| Shelby Charter Township | $335.9K | $354.6K | +5.5% |
| Utica | $532.5K | $486K | -8.7% |
Housing Supply in Utica, MI
How many homes are available in Utica, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 37 | -9.8% |
Summary: The Utica real estate market had 37 homes for sale in November 2024, a 9.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 15 | 9 | -40.0% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Utica 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 increased by 9.1%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Utica, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Utica in November 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Utica, MI
How long does it take to sell a home in Utica, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 37 Days | -8.8% |
Summary: Homes in Utica had an average of 37 days on market in Nov 2024, down by 8.8% compared to last year.
Breakdown of Home Sale Times
5 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 Utica are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Utica; 56% of homes were sold within 30 days, 44% 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.