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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westside is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Westside has remained a Seller's Market.

Key Takeaway

Westside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Westside, MI

How much do homes in Westside, MI cost?

Median Sold Price

$122,500

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,500(+2.1%)

Key Takeaway

Homes in Westside have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Westside was $122,500 in October 2024, up 2.1% from last year, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $84K$78K
-7.1%
3 $124.9K$125K
0.0%
4 $142.5K$141.8K
-0.5%
5+ $122.4K$169K
+38.0%

Summary: Westside 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 decreased by 7.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 38%.

Median Sold Price Compared To Nearby Neighborhoods

Westside
+2.1%
Genesse
+0.6%

Housing Supply in Westside, MI

How many homes are available in Westside, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7778+1.3%

Summary: The Westside real estate market had 78 homes for sale in October 2024, a 1.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1718
+5.9%
3 3739
+5.4%
4 1815
-16.7%
5+ 45
+25.0%

Summary: The Westside 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 5.9%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1915-21.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westside, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Westside in October 2024, down by 21.1% month-over-month. Of the 15 sold homes, 40% were sold under asking, 33% were sold at asking, and 27% 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

Oct 2023Oct 2024CHANGE
25 Days47 Days+91.0%

Summary: Homes in Westside had an average of 47 days on market in Oct 2024, up by 91% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were 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 October 2024, 15 homes were sold in Westside; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% 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 21 Days Ago

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