$1,508 Closing Credit*
$127,000
1,017 SqFt
3 Beds
•1 Full Bath
Kristal Covington, Listing Office: Detop LLC
Is Warrendale, 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, Warrendale has remained a Seller's Market.
Key Takeaway
Warrendale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warrendale, MI
How much do homes in Warrendale, MI cost?
Median Sold Price
$71,250
$66/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,250(+29.5%)
Key Takeaway
Homes in Warrendale have sold for 29.5% more than they did a year ago.
Summary: The median home sold price in Warrendale was $71,250 in November 2024, up 29.5% from last year, and the median price per square foot was $66.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $48.8K | N/A |
| 2 Bedrooms | $50K | $55K | +10.0% |
| 3 Bedrooms | $55K | $75K | +36.4% |
| 4 Bedrooms | $96K | $87K | -9.4% |
| 5+ Bedrooms | - | $93.5K | N/A |
Summary: Warrendale 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 10%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Franklin Park | $49.9K | $76.5K | +53.2% |
| Weatherby / Franklin Park | $50K | $72.5K | +45.0% |
| Warrendale | $55K | $71.2K | +29.5% |
| Cody / Rouge | $115.9K | $127.5K | +9.9% |
Housing Supply in Warrendale, MI
How many homes are available in Warrendale, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 86 | +14.7% |
Summary: The Warrendale real estate market had 86 homes for sale in November 2024, a 14.7% increase 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 | 20 | 22 | +10.0% |
| 3 Bedrooms | 52 | 60 | +15.4% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Warrendale 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 10%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warrendale, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Warrendale in November 2024, up by 46.2% month-over-month. Of the 19 sold homes, 79% were sold under asking, 5% were sold at asking, and 16% were sold over asking.
Days on Market for Warrendale, MI
How long does it take to sell a home in Warrendale, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 41 Days | +61.1% |
Summary: Homes in Warrendale had an average of 41 days on market in Nov 2024, up by 61.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Warrendale are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Warrendale; 53% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 5% 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.