$949 Closing Credit*
$79,900
1,100 SqFt
3 Beds
•1 Full Bath
Hamze Husseini, Listing Office: RE/MAX Team 2000
Is West Central, 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, West Central has remained a Seller's Market.
Key Takeaway
West Central is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Central, MI
How much do homes in West Central, MI cost?
Median Sold Price
$72,050
$67/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,130(+20.2%)
Key Takeaway
Homes in West Central have sold for 20.2% more than they did a year ago.
Summary: The median home sold price in West Central was $72,050 in October 2024, up 20.2% from last year, and the median price per square foot was $67.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $39.5K | N/A |
| 2 Bedrooms | $46K | $46.2K | 0.5% |
| 3 Bedrooms | $60.9K | $75K | +23.0% |
| 4 Bedrooms | $77.5K | $95K | +22.6% |
| 5+ Bedrooms | $86K | $97.5K | +13.4% |
Summary: West Central housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Grandale | $50K | $65K | +30.0% |
| Fiskorn | $49K | $59.5K | +21.4% |
| West Central | $59.9K | $72K | +20.2% |
| Grandale / Brooks | $58K | $65K | +12.1% |
| Oakman Grove | $212.5K | $196K | -7.8% |
Housing Supply in West Central, MI
How many homes are available in West Central, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 371 | 423 | +14.0% |
Summary: The West Central real estate market had 423 homes for sale in October 2024, a 14.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 67 | 85 | +26.9% |
| 3 Bedrooms | 272 | 302 | +11.0% |
| 4 Bedrooms | 27 | 29 | +7.4% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The West Central 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 increased by 26.9%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 75 | +27.1% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Central, you may be able to get a good deal. 58.7% of homes here sold below asking price last month.
Summary: A total of 75 homes were sold or pending in West Central in October 2024, up by 27.1% month-over-month. Of the 75 sold homes, 59% were sold under asking, 20% were sold at asking, and 21% were sold over asking.
Days on Market for West Central, MI
How long does it take to sell a home in West Central, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 40 Days | -6.1% |
Summary: Homes in West Central had an average of 40 days on market in Oct 2024, down by 6.1% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Central are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 75 homes were sold in West Central; 61% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 12% 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.