With 41,800 people, 2,201 houses or apartments, and a median cost of homes of $175,224, Midland real estate and house prices are near the national average for all cities and towns. The median listing price per square foot was $201. Courtesy of Zillow.com. Michigan's largest real estate company, Real Estate One, with offices servicing Michigan, knows the Michigan real estate market. The trend for median days on market in Traverse City, MI has gone up since last month, and slightly down since last year. The average Kalamazoo house price was $168K last month, up 5.6% since last year. The average price per square foot for this same period rose to $45, up from $42. Housing Market Trends in Traverse City, MI In September 2020, the median list price of homes in Traverse City, MI was $295.5K, trending up 1.9% year-over-year. Summary; Market Trends; Foreclosure Trends; Foreclosure Rates for Michigan. Traverse City have affordable condo/townhomes, affordable multi-families, and affordable townhomes. Commute. The Ann Arbor, MI housing market is somewhat competitive, scoring 50 out of 100. Boardman has a median listing price of $649.9K, making it the most expensive neighborhood. The median sale price was $296.3K. Learn about the Fenton, MI housing market through trends and averages. There are 371 homes for sale in Macomb with a median price of $334,750, which is an increase of 7.7% since last year. Community. Discover more Traverse City listings for open houses, price reduced, foreclosures, recently sold, new home communities, and new home construction. In November 2020, the median list price of homes in Traverse City, MI was $289.9K, trending up 8.2% year-over-year. We recommend that you view our Local Boards & Associations Directory below and contact the office closest to your area of interest: Muskegon. All. 8 Myths About Renting You Should Stop Believing Immediately, 6 Ways Home Buyers Mess Up Getting A Mortgage, 6 Reasons You Should Never Buy Or Sell A Home Without An Agent, Difference Between Agent, Broker & Realtor, Real Estate Agents Reveal the Toughest Home Buyers They've Ever Met, The 5 Maintenance Skills All Homeowners Should Know. Traverse Heights is the most affordable neighborhood, with a median listing price of $221K. Find real estate, homes for sale, properties for rent, school and neighborhood information and much more. Real estate properties are moving up in value throughout Grand Rapids, MI. Zillow has 47,247 homes for sale in Michigan. Traverse City, MI is a seller's market in November 2020, which means that there are more people looking to buy than there are homes available. Visit our website to read about the current market conditions, view real estate market videos that are updated monthly, and view quarterly market reports for Michigan counties showing the listing inventory and days on market by city. The median property price in Detroit is about half that of the state median. Traverse City is a city in Michigan and consists of 9 neighborhoods. Consider buying or renting a home in one of these popular neighborhoods. According to Trulia.com, the Detroit housing market trends indicate an increase of $4,000 (8%) in median home sales over the past year. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Midland Housing Market Information. See more real estate market trends for Wayne County. Median home values went up 8.6% in 2018 to $151,000 and are expected to rise another 5.9% in 2019. "With interest rates being so … The average Grand Rapids house price was $211K last month, up 15.4% since last year. There are 27 schools in Traverse City, MI. Parents. Moving away from the global and national impact that market trends have on the Michigan real estate market, let’s examine the economy between Copper Harbor and Coldwater. Macomb County, MI uses RealtyTrac to find real estate market statistics in your local area. Real estate sales are happening at a frenzied pace across Michigan. The home price forecast has been adjusted to higher for 2021. The market reports below cover the number of sales, listings, and the month’s supply for many counties in Michigan. See more real estate market trends for Chesterfield Township. Buyers and sellers alike can benefit from the narrative of the reports and the breakdown of that it means for each party. 303-741-1000 7501 Village Square Dr #200, Castle Rock, CO 80108 Visitor; In April 2020, home prices grew by a teeny-tiny 0.6% compared to last year—down from the nearly 4% growth rate in March! Affordability of Living in Fenton, MI. Graph Courtesy – Zillow.com Detroit Real Estate Market Trends. With 118,427 people, 1,623 houses or apartments, and a median cost of homes of $97,626, house prices in Lansing are some of the most affordable in Michigan as well as the nation. Fenton, MI Real Estate Trends. Find timely and comprehensive information about newest listings in your market. The Battle Creek market is much different than markets in San Diego or New York City and it’s wise to know all markets within the nation don’t move in lockstep. ©2020 Real Estate One. To view a real estate market update by city in a short video, click on the image below. 2019 Real Estate Market Forecast for Michigan The past few years have been a seller’s market in Michigan, driven by low inventory and strong economic growth statewide. 1 in every 5678 Mecosta. See more real estate market trends for Birmingham. The 4th Quarter index value was 0.04 points lower than the … However, for much of southern Lower Michigan, a lack of supply on the market … The Grand Rapids, MI housing market is most competitive, scoring 91 out of 100. The previous forecast predicted a 3.8% increase in home prices over this time frame. Traverse City, Michigan real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Traverse City homes for sale market. 1 in every 7140 Saginaw. * To verify enrollment eligibility, contact the school or district directly. Real estate information on statistics by estimated market values, bedrooms, bathrooms and year built. With a median listing price of $69,900, real estate in Detroit is relatively cheap, even in the face of today’s inventory shortage. Single-family detached homes are the single most common housing type in Midland, accounting for 75.18% of the city's housing units. With the economy fluctuating, more investors turn to the real estate market because of its resilience. August 2020 ; Interested in obtaining more statistics and speaking with a contact by specific city or region? Homes are typically worth $160/sqft. In many ways, the Detroit real estate market follows many of the real estate market trends of the state. There are 5,166 homes for sale in Wayne County with a median price of $154,900, which is an increase of 10.7% since last year. Home Buyers Reveal: 'What I Wish I Had Known Before Buying My First Home, Selling Your Home? There are 9 neighborhoods in Traverse City. Detroit Real Estate Market Trends & Statistics 2020 In this section, you’ll learn about the top three factors that make Detroit one of the strongest real estate markets today, including: affordable home prices, strong monthly rental income, and equity growth potential. Some of the best neighborhoods in or around Traverse City, Michigan are Central Traverse City, Kids Creek and Oak Park. Over the last thirty years, it is up 155%. Seasonally adjusted home prices are expected to increase by 1.2% from August to November and rise 4.8% between August 2020 and August 2021. Home prices in the Michigan Real Estate Market have gained 6.87% over the last 12 months. Grand Rapids real estate market trends indicate an increase of $10,000 (6%) in median home sales and a 4% rise in median rent per month over the past year. Housing Market Trends in Lansing, MI In September 2020, the median list price of homes in Lansing, MI was $119.9K, trending up 26.5% year-over-year. Don't Neglect These 6 Maintenance Tasks - Or Else, Debunked! The Housing Report is a series of monthly and quarterly reports created to provide insight and analysis on real estate market statistics, dynamics, and trends. See more real estate market trends for Canton. There are 135 homes for sale in Birmingham with a median price of $649,054, which is an increase of 15.4% since last year. Michigan Realtors® gathers and provides the latest industry data. The Kalamazoo, MI housing market is very competitive, scoring 85 out of 100. The average Ann Arbor house price was $397K last month, up 13.9% since last year. Real Estate Trend #1: Home Prices Are Still Rising Slowly Okay, let’s start with home price trends. There are 231 homes for sale in Canton with a median price of $298,675, which is an increase of 8.7% since last year. See more real estate market trends for Macomb. There are 926 homes for sale in Traverse City, MI, 29 of which were newly listed within the last week. Roseville real estate appreciated 98.36% over the last ten years, which is an average annual home appreciation rate of 7.09%, putting Roseville in the top 10% nationally for real estate appreciation. By Richard Dews // Dec 9, 2020 Novi, Michigan real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Novi homes for sale market. There are 8 elementary schools, 6 middle schools, 7 high schools and 6 private & charter schools. Dog Owners. The Detroit, MI housing market is somewhat competitive, scoring 48 out of 100. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in December. On average, homes in Traverse City, MI sell after 65 days on the market. All rights reserved. What Locals Say about Fenton. October 2020. News & Features Real Estate Market Trends Flathead County home sale quantities and speeds, by month sold, past five years. Real Estate One Family of Companies presidents, Dan Elsea and Stuart Elsea sit down and discuss what happend in each quarter. Michigan Real Estate Trends & Market Info. 1 in every 7117 Menominee. Most Current Statistics Available. The cost of living in Detroit is also 5.6 percent lower than the US average. Detroit Real Estate Market Summary. Additionally, there are 25 rentals starting at $352 per month. There are 926 homes for sale, ranging from $19.5K to $9.5M. (FOX 2) - Six months into the pandemic and the strength of the real estate market in Michigan right now may be surprising to you. Lansing Housing Market Information. Homes in Traverse City, MI sold for approximately the asking price on average in November 2020. 2 This slower growth trend is likely due to the craziness of the coronavirus and market uncertainty. That's not true in every community. As I have already alluded to several times, the Detroit real estate market has set the pace for affordability on a national level. 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