$4,073 Closing Credit*
$343,000
2,508 SqFt
2 Beds
•3 Full Baths, 1 Partial
Debora Odom Stern, 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 December 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
$475,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$18,000(+3.9%)
Key Takeaway
Homes in West have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in West was $475,000 in December 2024, up 3.9% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $165K | +3.1% |
| 2 Bedrooms | $320K | $371.8K | +16.2% |
| 3 Bedrooms | $447.7K | $470K | +5.0% |
| 4 Bedrooms | $575K | $590K | +2.6% |
| 5+ Bedrooms | $765K | $740K | -3.3% |
Summary: West housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 3.3%.
Housing Supply in West, MI
How many homes are available in West, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 57 | 44 | -22.8% |
Summary: The West real estate market had 44 homes for sale in December 2024, a 22.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 32 | 27 | -15.6% |
| 4 Bedrooms | 10 | 5 | -50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The West housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in West in December 2024, down by 16.7% month-over-month. Of the 15 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 23 Days | 33 Days | +43.5% |
Summary: Homes in West had an average of 33 days on market in Dec 2024, up by 43.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 15 homes were sold in West; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% 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.