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Real Estate Update - April 2021 Main Photo

Real Estate Update - April 2021


Posted: April 27, 2021 by Matthew Hillier

Southeast Michigan Real Estate
To begin this real estate update, we will focus on Southeast Michigan, specifically the counties of Livingston, Macomb, Oakland, St. Clair, Washtenaw, and Wayne. In this region, home prices continue to rise as the year-over-year median sales price increased the most for the third consecutive month in Wayne County by 27.9% reaching $145,000. The county that saw the least significant raise in year-over-year median sales price was St. Clair, which saw a 7.5% increase reaching $172. Year-over-year sold listings have increased in three out of the six counties, which include St. Clair (19.1%), Washtenaw (10.2%), and Macomb (1.0%). The remaining three counties saw a decrease in year-over-year sold listings with Livingston seeing the largest decrease of -12.3%. Year-over-year new listings have decreased across the board with Wayne County exercising the most significant decrease of -17.9%.


View the complete report HERE!
Livingston County
Macomb County
Oakland County
St. Clair County
Washtenaw County
Wayne County
West Michigan Real Estate
Shifting gears to the west side of our state, we will now look at the counties of Ionia, Kent, and Montcalm. Year-over-year closed sales have increased in just one out of the three counties with Montcalm claiming the top spot for the second consecutive month increasing by 12.1% totaling 175. Additionally, Montcalm County saw the least significant loss in year-over-year new listings, dropping -9.4% totaling 182. Year-over-year median sales prices have increased across the board with Ionia County experiencing the largest increase of 18.3% reaching $165,000. Something interesting to note in this region is that sellers in Kent County are receiving offers over asking price—an impressive 102.8%.


View the complete report HERE!
Ionia County
Kent County
Montcalm County
Greater Lansing Real Estate
Finally, to conclude this month's real estate update, we will look at Greater Lansing’s tri-county region, which is composed of Clinton, Eaton, Ingham. Experiencing similar trends seen across East and West Michigan, year-over-year new listings in this tri-county region have decreased across the board with Ingham County experiencing the least significant decrease of -9.9% totaling 941. On the other hand, Eaton County saw the most significant loss in year-over-year new listings, down -11.8% totaling 297. Only one out of the three counties saw a decrease in year-over-year sold listings, which was Ingham County for the second consecutive month dropping -0.4% totaling 822. The other two counties, Clinton and Eaton, saw an increase to their year-over-year sold listings, increasing 30.3% and 5.4% respectively.


View the complete report HERE!
Clinton County
Eaton County
Ingham County
Neighborhood Reports
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