Is DeWitt, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, DeWitt has remained a Seller's Market.
Housing Prices in DeWitt, MI
How much do homes in DeWitt, MI cost?
Median Sold Price
$362,900
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in DeWitt was $362,900 in April 2024, up 5.2% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $189K | N/A |
2 Bedrooms | $215K | $238.2K | +10.8% |
3 Bedrooms | $302K | $285.5K | -5.5% |
4 Bedrooms | $395K | $420K | +6.3% |
5+ Bedrooms | $487.9K | $499K | +2.3% |
Summary: DeWitt housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
DeWitt | $345K | $362.9K | +5.2% |
DeWitt Charter Township | $325K | $335K | +3.1% |
Housing Supply in DeWitt, MI
How many homes are available in DeWitt, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 58 | +48.7% |
Summary: The DeWitt real estate market had 58 homes for sale in April 2024, a 48.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 5 | +150.0% |
3 Bedrooms | 16 | 22 | +37.5% |
4 Bedrooms | 17 | 23 | +35.3% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The DeWitt housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 18 | +38.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in DeWitt in April 2024, up by 38.5% month-over-month. Of the 18 sold homes, 39% were sold under asking, 17% were sold at asking, and 44% were sold over asking.
Days on Market for DeWitt, MI
How long does it take to sell a home in DeWitt, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 36 Days | +66.4% |
Summary: Homes in DeWitt had an average of 36 days on market in Apr 2024, up by 66.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in DeWitt; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.