Market Analysis & Statistics For Homes Sold Birmingham MI May 2011

Market Analysis & Statistics For Birmingham MI May 2011

May 2011 median sale prices increased 26% from April 2011 & a 19% increase # of homes sold. Private owned homes median price increased 06% in May 2011 from April 2011.  Bank owned homes median price increased 26% in May 2011 from April 2011.  May 2011 median sale price increased 33% from May 2010. Yr ending May 2011 median sale price compared to yr ending May 2010 decreased 01%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Solds May 2011

247 listings: 37 Sold listings:
Average List Price $595,376 Average Sold Price $363,034
Median List Price $449,900 Median Sold Price $299,444
Highest List Price $3,400,000 Highest Sold Price $1,475,000
Lowest List Price $65,900 Lowest Sold Price $ 67,901
Avg. DOM 161 Avg. DOM 115
Private Owned 237 listings Private Owned 31 Sold
Median List Price $450,000 Median Sold Price $310,000
Bank Owned 10 listings Bank Owned 6 Sold
Median List Price $183,900 Median Sold Price $181,250

Active & Solds April 2011

240 listings: 30 Sold listings:
Median List Price $449,450 Median Sold Price $222,000
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 May 2010

250 listings: 40 Sold listings:
Median List Price $427,000 Median Sold Price $201,750

June 1, 2010 – May 31, 2011

596 listings: 386 Sold listings:
Median List Price $350,000 Median Sold Price $258,500

June 1, 2009– May 31, 2010

621 listings: 411 Sold listings:
Median List Price $349,900 Median Sold Price $260,000

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