Market Conditions for 49770

April 2019

Median Sale Price

$280,000

UP UP 67.16% vs. Month Ago

Homes For Sale

170

UP UP 26.86% vs. Month Ago

Homes Sold

25

UP UP 47.05% vs. Month Ago

Average Days On Market

0

NO_CHANGE % vs. Month Ago

Median Sale Price

$280,000

The median sale price for homes in April was $280,000. The median sales price for homes in April rose by $112,500 compared to last month. This represents a 67.16% increase from March. Compared to the same month last year, the median price of homes rose by $70,000 representing a 33.33% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale

170

The inventory of homes for sale rose by 36 in April to 170. This represents 26.86% increase from March when 134 homes were on the market.Compared to the same month last year when there were 139 homes for sale, the inventory of homes for sale has fallen by risen by 31 representing a 22.3% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold

25

The 25 homes sold in April was 8 more than in March. This represents a 47.05% increase in sales from March. Compared to the same month last year, the number of homes sold decreased by 3, a -10.71% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market

0

The average days on market for a home sold in April (0) did not change Compared to the same month last year, the days on market for homes sold decreased by 68, a % year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

New Homes

53

The number of homes listed in April (53) rose by 34 compared to March, a 178.94% change. Compared to April 2018, the number of new listings increased by 14, a 35.89% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price

$350,000

The median list price in April was $350,000. The median list price for homes in April rose by $70,000 compared to last month. This represents a 25% increase from March. Compared to the same month last year, the median list price of homes increased $90,100 representing a 34.66% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.