Altos Research
East China, MI
Single-Family Homes
Market Data for Realtors. Schedule a demo today at altos.re.
East China, MI
Fri Oct 18 2019
This week the median list price for East China, MI is $289,900 with the market action index hovering around 28. This is an increase over last month's market action index of 21. Inventory has held steady at or around 25.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $289,900 | |
| Per Square Foot | $129 | |
| Days on Market | 149 | |
| Price Decreased | 28% | |
| Price Increased | 4% | |
| Relisted | 8% | |
| Inventory | 25 | |
| Median House Rent | ||
| Most Expensive | $1,140,950 | |
| Least Expensive | $80,000 | |
| Market Action Index Slight Buyer's Advantage | 28 |
The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $874,000 | 3,506 | 1 - 2.5 acres | 4 | 4 | 22 | 1 | 3 | 138 |
| $350,999 | 1,882 | 10 - 20 acres | 3 | 2 | 52 | 2 | 6 | 80 |
| $209,949 | 1,921 | 0.25 - 0.5 acre | 3 | 2 | 51 | 4 | 7 | 23 |
| $124,900 | 1,150 | 0.5 - 1 acre | 3 | 1 | 69 | 4 | 4 | 324 |