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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winterhalter is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Winterhalter is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Winterhalter, MI

How much do homes in Winterhalter, MI cost?

Median Sold Price

$94,250

$55/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,750(+5.3%)

Key Takeaway

Homes in Winterhalter have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Winterhalter was $94,250 in October 2024, up 5.3% from last year, and the median price per square foot was $55.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $57.5K$35K
-39.1%
3 $77.5K$93.5K
+20.6%
4 $127.5K$107K
-16.1%
5+ $249K$112.1K
-55.0%

Summary: Winterhalter 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 39.1%, 3 bedroom homes increased by 20.6%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes decreased by 55%.

Median Sold Price Compared To Nearby Neighborhoods

Durfee
+49.8%
Russell Woods
+45.1%
Petosky-Otsego
+26.3%
Winterhalter
+5.3%
Mackenzie
-5.0%

Housing Supply in Winterhalter, MI

How many homes are available in Winterhalter, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5559+7.3%

Summary: The Winterhalter real estate market had 59 homes for sale in October 2024, a 7.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 54
-20.0%
3 3333
0.0%
4 1314
+7.7%
5+ 37
+133.3%

Summary: The Winterhalter 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 133.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
84-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winterhalter, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Winterhalter in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Winterhalter, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days83 Days+167.7%

Summary: Homes in Winterhalter had an average of 83 days on market in Oct 2024, up by 167.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Winterhalter are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 4 homes were sold in Winterhalter; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 16 Days Ago

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