Is Taylor, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Taylor has remained a Seller's Market.
Key Takeaway
Taylor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Taylor, MI
How much do homes in Taylor, MI cost?
Median Sold Price
$168,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Taylor have sold for 12% more than they did a year ago.
Summary: The median home sold price in Taylor was $168,000 in April 2024, up 12% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $53K | -55.1% |
| 2 Bedrooms | $110K | $120K | +9.1% |
| 3 Bedrooms | $152.6K | $170K | +11.4% |
| 4 Bedrooms | $230K | $280K | +21.7% |
| 5+ Bedrooms | $320.4K | $334.9K | +4.5% |
Summary: Taylor housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.1%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Allen Park | $185K | $210K | +13.5% |
| Dearborn Heights | $169.9K | $191.5K | +12.7% |
| Taylor | $150K | $168K | +12.0% |
| Brownstown Charter Township | $275.1K | $295K | +7.2% |
| Southgate | $175K | $182K | +4.0% |
Housing Supply in Taylor, MI
How many homes are available in Taylor, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 164 | 178 | +8.5% |
Summary: The Taylor real estate market had 178 homes for sale in April 2024, a 8.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 27 | 33 | +22.2% |
| 3 Bedrooms | 92 | 97 | +5.4% |
| 4 Bedrooms | 34 | 37 | +8.8% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Taylor housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 45 | -8.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Taylor, you could pay more than the asking price. 37.8% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Taylor in April 2024, down by 8.2% month-over-month. Of the 45 sold homes, 29% were sold under asking, 33% were sold at asking, and 38% were sold over asking.
Days on Market for Taylor, MI
How long does it take to sell a home in Taylor, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 70 Days | 22 Days | -67.8% |
Summary: Homes in Taylor had an average of 22 days on market in Apr 2024, down by 67.8% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Taylor are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 45 homes were sold in Taylor; 73% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.