Ypsilanti, MI Home Values & Market Trends
Real estate market trends reflect that there have been 1,182 transactions over the past year in Ypsilanti. The median value for residential home transactions that occurred over the previous year is $277,245.04. The number of current listings in Ypsilanti is 133, and the percentage of properties for sale in the city is 133.00%. Ypsilanti, MI currently has 33 properties in foreclosure, 10 bank owned properties, 23 properties headed for auction, and 133 properties for sale.
Ypsilanti, MI Real Estate Market Overview
Housing Market Summary for Ypsilanti, MI
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $274.6K | $240.6K | -12.38% |
Median Sold Price | $225K | $240.6K | 6.97% |
Homes For Sale | 109 | 107 | -1.83% |
Homes Sold | 919 | 677 | -26.33% |
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 Ypsilanti, MI
Browse Homes in Ypsilanti, MI
Ypsilanti home values range from $24,227 to $5,114,077. The median estimated value of a home in Ypsilanti is $277,245.04. The median list price of a home is 285,000, and the total count of properties in the city is 29,350.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Ypsilanti, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Ypsilanti, MI; of those 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 Ypsilanti, MI ranges from the highest value of $246,250 in 48197 to the lowest value of $125,000 in 48198. Bank owned homes and properties account for 0.03% of properties in Ypsilanti, MI. There are 2 zips within Ypsilanti, MI; 48198 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48198 has 15 auction properties, the highest number of properties going to auction in a single zip in the state of Ypsilanti, MI. Auction homes and other auction properties account for 0.08% of all properties in Ypsilanti, MI. There are 2 zips within Ypsilanti, MI; of those zips, the median estimated home value for homes going to auction ranges from $379,000 in 48197 to the lowest value of $150,000 in 48197.
Compare Nearby Cities
More Real Estate Resources for Ypsilanti, MI
Guide for Ypsilanti, 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
Information on foreclosure financing, refinancing, and foreclosure mortgages.