Davison, MI Home Values & Market Trends
Real estate market trends reflect that there have been 440 transactions over the past year in Davison. The median value for residential home transactions that occurred over the previous year is $224,277.07. The number of current listings in Davison is 44, and the percentage of properties for sale in the city is 44.00%. Davison, MI currently has 17 properties in foreclosure, 8 bank owned properties, 9 properties headed for auction, and 44 properties for sale.
Davison, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 48423 | $ 228,787 $ 148/sqft |
Housing Market Summary for Davison, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $184.9K | $207.9K | 12.42% |
| Median Sold Price | $232.4K | $207.9K | -10.55% |
| Homes For Sale | 43 | 33 | -23.26% |
| Homes Sold | 403 | 271 | -32.75% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Davison, MI
Browse Homes in Davison, MI
Davison home values range from $18,140 to $8,471,897. The median estimated value of a home in Davison is $224,277.07. The median list price of a home is 197,000, and the total count of properties in the city is 10,610.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Davison, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Davison, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Davison, MI ranges from the highest value of $407,530 in 48423 to the lowest value of $149,272 in 48423. Bank owned homes and properties account for 0.08% of properties in Davison, MI. There is 1 zips within Davison, MI; 48423 containing 8 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48423 has 9 auction properties, the highest number of properties going to auction in a single zip in the state of Davison, MI. Auction homes and other auction properties account for 0.08% of all properties in Davison, MI. There is 1 zips within Davison, MI; of that zips, the median estimated home value for homes going to auction ranges from $301,451 in 48423 to the lowest value of $108,330 in 48423.
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Guide for Davison, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
When house prices increase near good school, what options do home buyer have?
