Is Almont, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Almont was a Seller's Market.
Housing Prices in Almont, MI
How much do homes in Almont, MI cost?
Median Sold Price
$355,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Almont was $355,000 in May 2024, up 13.6% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $249.9K | $175K | -30.0% |
3 Bedrooms | $312.5K | $306K | -2.1% |
4 Bedrooms | $375K | $459.2K | +22.5% |
5+ Bedrooms | $650K | $347.5K | -46.5% |
Summary: Almont 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 30%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes decreased by 46.5%.
Median Sold Price Compared To Nearby Cities
Almont | $312.5K | $355K | +13.6% |
Almont Township | $315K | $351.2K | +11.5% |
Housing Supply in Almont, MI
How many homes are available in Almont, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 21 | +61.5% |
Summary: The Almont real estate market had 21 homes for sale in May 2024, a 61.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 14 | +55.6% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Almont housing inventory by bedroom type for May 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 55.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Almont in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Almont, MI
How long does it take to sell a home in Almont, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 39 Days | -2.2% |
Summary: Homes in Almont had an average of 39 days on market in May 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Almont; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.