$3,503 Closing Credit*
$295,000
1,118 SqFt
3 Beds
•1 Full Bath, 1 Partial
Charles D Zohoury, Listing Office: Community Choice Realty Inc
Is Warren, 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, Warren has remained a Seller's Market.
Key Takeaway
Warren is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warren, MI
How much do homes in Warren, MI cost?
Median Sold Price
$189,992
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,969(+9.2%)
Key Takeaway
Homes in Warren have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Warren was $189,992 in October 2024, up 9.2% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83.7K | $82K | -2.1% |
| 2 Bedrooms | $110K | $123.5K | +12.3% |
| 3 Bedrooms | $190.2K | $224.4K | +18.0% |
| 4 Bedrooms | $228.7K | $235K | +2.7% |
| 5+ Bedrooms | $227.5K | $249K | +9.5% |
Summary: Warren housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Center Line | $149K | $182.7K | +22.7% |
| Eastpointe | $141.5K | $159.9K | +13.0% |
| Warren | $174K | $189.9K | +9.2% |
| Roseville | $151K | $162.5K | +7.6% |
| Fraser | $222.5K | $220K | -1.1% |
Housing Supply in Warren, MI
How many homes are available in Warren, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 517 | 584 | +13.0% |
Summary: The Warren real estate market had 584 homes for sale in October 2024, a 13.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 14 | +7.7% |
| 2 Bedrooms | 119 | 133 | +11.8% |
| 3 Bedrooms | 315 | 348 | +10.5% |
| 4 Bedrooms | 62 | 81 | +30.6% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Warren housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 151 | 165 | +9.3% |
Asking Price vs. Sold Price
74 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warren, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.
Summary: A total of 165 homes were sold or pending in Warren in October 2024, up by 9.3% month-over-month. Of the 165 sold homes, 45% were sold under asking, 21% were sold at asking, and 34% were sold over asking.
Days on Market for Warren, MI
How long does it take to sell a home in Warren, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 23 Days | +11.5% |
Summary: Homes in Warren had an average of 23 days on market in Oct 2024, up by 11.5% compared to last year.
Breakdown of Home Sale Times
115 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warren are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 165 homes were sold in Warren; 70% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 4% 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. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.