Is Finney, 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, Finney has remained a Seller's Market.
Housing Prices in Finney, MI
How much do homes in Finney, MI cost?
Median Sold Price
$116,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Finney was $116,000 in May 2024, down 7% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $15K | $36.5K | +143.3% |
2 Bedrooms | $64K | $67.5K | +5.5% |
3 Bedrooms | $120K | $115K | -4.2% |
4 Bedrooms | $167K | $142.5K | -14.7% |
5+ Bedrooms | $156.5K | $157.5K | +0.6% |
Summary: Finney housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 143.3%, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Neighborhoods
Denby | $52.5K | $58K | +10.5% |
East English Village | $178K | $182.5K | +2.5% |
Finney | $124.7K | $116K | -7.0% |
Morningside | $128.2K | $110K | -14.2% |
Jefferson / Mack | $164.4K | $94K | -42.8% |
Housing Supply in Finney, MI
How many homes are available in Finney, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
140 | 149 | +6.4% |
Summary: The Finney real estate market had 149 homes for sale in May 2024, a 6.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 91 | 100 | +9.9% |
4 Bedrooms | 23 | 22 | -4.3% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Finney housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 32 | +23.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Finney in May 2024, up by 23.1% month-over-month. Of the 32 sold homes, 53% were sold under asking, 16% were sold at asking, and 31% were sold over asking.
Days on Market for Finney, MI
How long does it take to sell a home in Finney, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 44 Days | -8.4% |
Summary: Homes in Finney had an average of 44 days on market in May 2024, down by 8.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 32 homes were sold in Finney; 50% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.