Market Analysis Homes Sold For Birmingham MI January 2011

Market Analysis & Statistics For Birmingham MI January 2011

January 2011 median sale prices decreased 01% from December 2010 & a 43% decrease # of homes sold. Private owned homes median price increased 27% in January 2011 from December 2010 and # of homes sold decreased 50%.  Bank owned homes median price increased 09% in January 2011 from December 2010.  January 2011 median sale price decreased 25% from January 2010. Yr ending January 2011 median sale price compared to yr ending January 20010 decreased 10%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Solds January 2011

225 listings: 23 Sold listings:
Average List Price $635,655 Average Sold Price $350,501
Median List Price $425,000 Median Sold Price $241,000
Highest List Price $6,900,000 Highest Sold Price $846,500
Lowest List Price $68,900 Lowest Sold Price $103,000
Avg. DOM 205 Avg. DOM 93
Private Owned 207 listings Private Owned 16 Sold
Median List Price $497,500 Median Sold Price $407,500
Bank Owned 18 listings Bank Owned 7 Sold
Median List Price $127,400 Median Sold Price $125,000

Active & Solds December 2010

239 listings: 40 Sold listings:
Median List Price $425,000 Median Sold Price $243,500
Private Owned 223 listings Private Owned 32 Sold
Median List Price $449,000 Median Sold Price $297,500
Bank Owned 16 listings Bank Owned 8 Sold
Median List Price $118,400 Median Sold Price $114,200

Active & Solds January 2010

221 listings: 19 Sold listings:
Median List Price $425,000 Median Sold Price $320,000

February 1, 2009 – January 31, 2010

567 listings: 365 Sold listings:
Median List Price $349,000 Median Sold Price $275,000

February 1, 2010– January 31, 2011

600 listings: 398 Sold listings:
Median List Price $320,000 Median Sold Price $247,500

Birmingham Market Analysis compares only median sold price of residential homes sold in January 2011 with December 2010 & January 2010; year ending January 2010 with yr ending January 2011.  It shows all homes sold then private owned vs. Bank Owned/HUD.  To exclude leases in data, minimum sale price used was $15,000.

If you would like to know what your home is worth, click here for a free Comparative Market Analysis.

Click here to view Birmingham Michigan previous months market statistics.

Click here to view Bloomfield Hills & West Bloomfield, Michigan for more market statistics.

or visit our new website about Birmingham Michigan Homes to learn more about Birmingham & search for homes.

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