$5,344 Closing Credit*
$449,990
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 October 2023
At the same time last year, Utica was a Seller's Market.
Key Takeaway
Utica is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Utica, MI
How much do homes in Utica, MI cost?
Median Sold Price
$465,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$50,000(-9.7%)
Key Takeaway
Homes in Utica have sold for 9.7% less than they did a year ago.
Summary: The median home sold price in Utica was $465,000 in October 2024, down 9.7% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92.3K | $65K | -29.6% |
| 2 Bedrooms | $92.3K | $225K | +143.7% |
| 3 Bedrooms | $300K | $367.8K | +22.6% |
| 4 Bedrooms | $650.5K | $619.7K | -4.7% |
| 5+ Bedrooms | $682.4K | $682.2K | 0% |
Summary: Utica housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.6%, 2 bedroom homes increased by 143.7%, 3 bedroom homes increased by 22.6%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sterling Heights | $285K | $305K | +7.0% |
| Shelby Charter Township | $339.9K | $352.7K | +3.8% |
| Utica | $515K | $465K | -9.7% |
Housing Supply in Utica, MI
How many homes are available in Utica, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 43 | -2.3% |
Summary: The Utica real estate market had 43 homes for sale in October 2024, a 2.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 15 | -16.7% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Utica housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 6 | -62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Utica, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Utica in October 2024, down by 62.5% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 48 Days | -33.3% |
Summary: Homes in Utica had an average of 48 days on market in Oct 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Utica are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Utica; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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.