Is Maybee, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Maybee was a Seller's Market.
Key Takeaway
Maybee is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Maybee, MI
How much do homes in Maybee, MI cost?
Median Sold Price
$299,990
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Maybee have sold for 20.7% more than they did a year ago.
Summary: The median home sold price in Maybee was $299,990 in May 2024, up 20.7% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $165K | N/A |
| 2 Bedrooms | $240K | $97K | -59.6% |
| 3 Bedrooms | $237K | $227.5K | -4.0% |
| 4 Bedrooms | $255K | $299.9K | +17.6% |
| 5+ Bedrooms | $340K | $313.9K | -7.6% |
Summary: Maybee 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 59.6%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Maybee | $248.5K | $299.9K | +20.7% |
| Exeter Township | $278K | $300.2K | +8.0% |
Housing Supply in Maybee, MI
How many homes are available in Maybee, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Summary: The Maybee real estate market had 7 homes for sale in May 2024, a 41.7% decrease 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 | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Maybee 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 decreased by 50%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Maybee, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Maybee in May 2024, down by 85.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Maybee, MI
How long does it take to sell a home in Maybee, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 8 Days | -86.4% |
Summary: Homes in Maybee had an average of 8 days on market in May 2024, down by 86.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Maybee are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Maybee; 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.
