$3,681 Closing Credit*
$310,000
1,968 SqFt
2 Beds
•2 Full Baths, 1 Partial
Maryann Ryan, Michael Ryan, Listing Office: The Charles Reinhart Company
Is West, 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, West has remained a Seller's Market.
Key Takeaway
West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West, MI
How much do homes in West, MI cost?
Median Sold Price
$470,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+4.4%)
Key Takeaway
Homes in West have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in West was $470,000 in November 2024, up 4.4% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $167K | +4.4% |
| 2 Bedrooms | $319.2K | $351K | +9.9% |
| 3 Bedrooms | $443.5K | $469K | +5.7% |
| 4 Bedrooms | $572K | $594.5K | +3.9% |
| 5+ Bedrooms | $765K | $717.5K | -6.2% |
Summary: West housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Neighborhoods
| West | $450K | $470K | +4.4% |
| Dexter-Miller | $427K | $404.7K | -5.2% |
Housing Supply in West, MI
How many homes are available in West, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 60 | -3.2% |
Summary: The West real estate market had 60 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 36 | 34 | -5.6% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The West housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West, expect to pay close to the asking price. 38.9% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in West in November 2024, the same as the previous month. Of the 18 sold homes, 28% were sold under asking, 39% were sold at asking, and 33% were sold over asking.
Days on Market for West, MI
How long does it take to sell a home in West, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 33 Days | +14.9% |
Summary: Homes in West had an average of 33 days on market in Nov 2024, up by 14.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in West; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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.