Is La Salle, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, La Salle has remained a Seller's Market.
Key Takeaway
La Salle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Salle, MI
How much do homes in La Salle, MI cost?
Median Sold Price
$299,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in La Salle have sold for 53.3% more than they did a year ago.
Summary: The median home sold price in La Salle was $299,000 in May 2024, up 53.3% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $112K | N/A |
| 2 Bedrooms | $180K | $168.5K | -6.4% |
| 3 Bedrooms | $205K | $239.8K | +17.0% |
| 4 Bedrooms | $215.2K | $405K | +88.2% |
| 5+ Bedrooms | $253K | $330K | +30.4% |
Summary: La Salle housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 88.2%, and 5+ bedroom homes increased by 30.4%.
Median Sold Price Compared To Nearby Cities
| La Salle | $195K | $299K | +53.3% |
| La Salle Township | $219.2K | $290K | +32.3% |
| Monroe Charter Township | $185.8K | $210K | +13.0% |
Housing Supply in La Salle, MI
How many homes are available in La Salle, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Summary: The La Salle real estate market had 5 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The La Salle housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in La Salle, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in La Salle in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for La Salle, MI
How long does it take to sell a home in La Salle, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 20 Days | -48.7% |
Summary: Homes in La Salle had an average of 20 days on market in May 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in La Salle are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in La Salle; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
