Is Elsie, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Elsie has remained a Seller's Market.
Housing Prices in Elsie, MI
How much do homes in Elsie, MI cost?
Median Sold Price
$185,000
$89/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Elsie was $185,000 in April 2024, down 20.6% from last month, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $136K | - | N/A |
3 Bedrooms | $395K | $185K | -53.2% |
4 Bedrooms | $225K | $155K | -31.1% |
5+ Bedrooms | - | $224K | N/A |
Summary: Elsie housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 53.2%, 4 bedroom homes decreased by 31.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Duplain Township | $136K | $224K | +64.7% |
Elsie | $233K | $185K | -20.6% |
Housing Supply in Elsie, MI
How many homes are available in Elsie, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Summary: The Elsie real estate market had 9 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Elsie 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Elsie in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Elsie, MI
How long does it take to sell a home in Elsie, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 Days | 39 Days | -43.5% |
Summary: Homes in Elsie had an average of 39 days on market in Apr 2024, down by 43.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Elsie; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.