$3,443 Closing Credit*
$289,900
1,984 SqFt
3 Beds
•2 Full Baths
Demetrius Traylor, Listing Office: Real Estate One
Is Ypsilanti, 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, Ypsilanti has remained a Seller's Market.
Key Takeaway
Ypsilanti is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ypsilanti, MI
How much do homes in Ypsilanti, MI cost?
Median Sold Price
$280,194
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,829(+3.6%)
Key Takeaway
Homes in Ypsilanti have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Ypsilanti was $280,194 in October 2024, up 3.6% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.2K | $143K | +27.4% |
| 2 Bedrooms | $196.5K | $200K | +1.8% |
| 3 Bedrooms | $259.3K | $283K | +9.1% |
| 4 Bedrooms | $370K | $375K | +1.4% |
| 5+ Bedrooms | $383.3K | $421.5K | +10.0% |
Summary: Ypsilanti housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.4%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
| Ypsilanti | $270.3K | $280.1K | +3.6% |
| Ypsilanti Charter Township | $270.7K | $280.1K | +3.5% |
| Superior Charter Township | $362K | $367.2K | +1.5% |
Housing Supply in Ypsilanti, MI
How many homes are available in Ypsilanti, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 215 | 245 | +14.0% |
Summary: The Ypsilanti real estate market had 245 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 | 4 | 4 | 0.0% |
| 2 Bedrooms | 35 | 40 | +14.3% |
| 3 Bedrooms | 110 | 122 | +10.9% |
| 4 Bedrooms | 51 | 60 | +17.6% |
| 5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The Ypsilanti 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 14.3%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 62 | +24.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ypsilanti, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Ypsilanti in October 2024, up by 24.0% month-over-month. Of the 62 sold homes, 44% were sold under asking, 19% were sold at asking, and 37% were sold over asking.
Days on Market for Ypsilanti, MI
How long does it take to sell a home in Ypsilanti, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 22 Days | -40.2% |
Summary: Homes in Ypsilanti had an average of 22 days on market in Oct 2024, down by 40.2% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ypsilanti are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 62 homes were sold in Ypsilanti; 73% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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