Is Whitehall, 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, Whitehall has remained a Seller's Market.
Housing Prices in Whitehall, MI
How much do homes in Whitehall, MI cost?
Median Sold Price
$288,900
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Whitehall was $288,900 in May 2024, down 0.8% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $229.3K | $259.9K | +13.3% |
3 Bedrooms | $259.9K | $275K | +5.8% |
4 Bedrooms | $330K | $380K | +15.2% |
5+ Bedrooms | $655K | $472.5K | -27.9% |
Summary: Whitehall 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 increased by 13.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 27.9%.
Median Sold Price Compared To Nearby Cities
Montague | $230K | $250K | +8.7% |
Montague Township | $230K | $250K | +8.7% |
Whitehall | $291.2K | $288.9K | -0.8% |
Whitehall Township | $291.2K | $286.9K | -1.5% |
Housing Supply in Whitehall, MI
How many homes are available in Whitehall, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 36 | +5.9% |
Summary: The Whitehall real estate market had 36 homes for sale in May 2024, a 5.9% 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 | 7 | 5 | -28.6% |
3 Bedrooms | 17 | 16 | -5.9% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Whitehall 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 decreased by 28.6%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Whitehall in May 2024, the same as the previous month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Whitehall, MI
How long does it take to sell a home in Whitehall, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
73 Days | 33 Days | -54.6% |
Summary: Homes in Whitehall had an average of 33 days on market in May 2024, down by 54.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Whitehall; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.