Market Analysis & Statistics For Homes Sold Birmingham MI April 2011

Market Analysis & Statistics For Birmingham MI April 2011

April 2011 median sale prices decreased 09% from March 2011 & a 23% decrease # of homes sold. Private owned homes median price decreased 15% in April 2011 from March 2011.  Bank owned homes median price increased 08% in April 2011 from March 2011.  April 2011 median sale price decreased 10% from April 2010. Yr ending April 2011 median sale price compared to yr ending April 2010 decreased 05%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Solds April 2011

240 listings: 30 Sold listings:
Average List Price $594,197 Average Sold Price $306,028
Median List Price $449,450 Median Sold Price $222,000
Highest List Price $3,400,000 Highest Sold Price $1,030,500
Lowest List Price $74,500 Lowest Sold Price $ 68,250
Avg. DOM 164 Avg. DOM 117
Private Owned 230 listings Private Owned 24 Sold
Median List Price $454,500 Median Sold Price $291,000
Bank Owned 10 listings Bank Owned 6 Sold
Median List Price $138,900 Median Sold Price $134,125

Active & Solds March 2011

237 listings: 39 Sold listings:
Median List Price $459,998 Median Sold Price $245,000
Private Owned 219 listings Private Owned 28 Sold
Median List Price $479,000 Median Sold Price $343,750
Bank Owned 18 listings Bank Owned 11 Sold
Median List Price $129,790 Median Sold Price $123,000

Active & Solds April 2010

254 listings: 44 Sold listings:
Median List Price $429,950 Median Sold Price $247,450

May 1, 2010 – April 30, 2011

599 listings: 389 Sold listings:
Median List Price $349,900 Median Sold Price $250,000

May 1, 2009– April 30, 2010

605 listings: 395 Sold listings:
Median List Price $350,000 Median Sold Price $262,500

Birmingham Market Analysis compares only median sold price of residential homes sold in April 2011 with March 2011 & April 2010; year ending April 2010 with yr ending April 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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