Is Durand, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Durand was a Seller's Market.
Housing Prices in Durand, MI
How much do homes in Durand, MI cost?
Median Sold Price
$155,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Durand was $155,000 in April 2024, down 8.8% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $23K | - | N/A |
2 Bedrooms | $118K | $127.7K | +8.3% |
3 Bedrooms | $178.4K | $163K | -8.7% |
4 Bedrooms | $177.9K | $160K | -10.1% |
5+ Bedrooms | $144.9K | $190K | +31.1% |
Summary: Durand housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes increased by 31.1%.
Median Sold Price Compared To Nearby Cities
Durand | $170K | $155K | -8.8% |
Vernon Township | $199K | $177.5K | -10.8% |
Housing Supply in Durand, MI
How many homes are available in Durand, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 17 | -19.0% |
Summary: The Durand real estate market had 17 homes for sale in April 2024, a 19.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 12 | 9 | -25.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Durand 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 decreased by 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 2 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Durand in April 2024, down by 75.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Durand, MI
How long does it take to sell a home in Durand, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 23 Days | +360.0% |
Summary: Homes in Durand had an average of 23 days on market in Apr 2024, up by 360% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Durand; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.