Is Westside, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westside is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Westside was a Seller's Market.

Key Takeaway

Westside is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Westside, MI

How much do homes in Westside, MI cost?

Median Sold Price

$120,000

$99/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since December 2023.

Key Takeaway

The sold price of homes in Westside has remained the same since last year.

Summary: The median home sold price in Westside was $120,000 in December 2024, the same as last year, and the median price per square foot was $99.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $85K$82K
-3.5%
3 $123K$125.5K
+2.0%
4 $142.5K$141.8K
-0.5%
5+ $119.9K$200K
+66.7%

Summary: Westside housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 66.7%.

Housing Supply in Westside, MI

How many homes are available in Westside, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6963-8.7%

Summary: The Westside real estate market had 63 homes for sale in December 2024, a 8.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 1413
-7.1%
3 3628
-22.2%
4 1719
+11.8%
5+ 12
+100.0%

Summary: The Westside housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1510-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westside, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Westside in December 2024, down by 33.3% month-over-month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% were sold over asking.

Days on Market for Westside, MI

How long does it take to sell a home in Westside, MI?

Average Sale Time

Dec 2023Dec 2024CHANGE
55 Days30 Days-45.1%

Summary: Homes in Westside had an average of 30 days on market in Dec 2024, down by 45.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westside are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 10 homes were sold in Westside; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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