Is Middleville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Middleville has remained a Seller's Market.
Key Takeaway
Middleville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middleville, MI
How much do homes in Middleville, MI cost?
Median Sold Price
$342,040
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Middleville have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Middleville was $342,040 in May 2024, up 3.6% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $665K | N/A |
| 2 Bedrooms | $317.4K | $290K | -8.6% |
| 3 Bedrooms | $299.9K | $315K | +5.0% |
| 4 Bedrooms | $347K | $347.9K | 0.3% |
| 5+ Bedrooms | $409.9K | $499K | +21.7% |
Summary: Middleville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
| Middleville | $330K | $342K | +3.6% |
| Thornapple Township | $329.9K | $330K | 0.0% |
Housing Supply in Middleville, MI
How many homes are available in Middleville, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 47 | +30.6% |
Summary: The Middleville real estate market had 47 homes for sale in May 2024, a 30.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 14 | 19 | +35.7% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Middleville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middleville, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Middleville in May 2024, up by 57.1% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.
Days on Market for Middleville, MI
How long does it take to sell a home in Middleville, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 28 Days | +451.4% |
Summary: Homes in Middleville had an average of 28 days on market in May 2024, up by 451.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Middleville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Middleville; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
