Market Analysis & Statistics Homes Sold Birmingham MI March 2011

Market Analysis & Statistics For Birmingham MI March 2011

March 2011 median sale prices decreased 09% from February 2011 & a 28% increase # of homes sold. Private owned homes median price increased 03% in March 2011 from February 2011.  Bank owned homes median price increased 20% in March 2011 from February 2011.  March 2011 median sale price increased 03% from March 2010. Yr ending March 2011 median sale price compared to yr ending March 2010 decreased 06%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Solds March 2011

237 listings:   39 Sold listings:  
Average List Price $604,549 Average Sold Price $330,046
Median List Price $459,998 Median Sold Price $245,000
Highest List Price $3,695,000 Highest Sold Price $1,150,000
Lowest List Price $57,900 Lowest Sold Price $ 80,000
Avg. DOM 186 Avg. DOM 99
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 February 2011

231 listings:   28 Sold listings:  
Median List Price $425,000 Median Sold Price $268,500
Private Owned 220 listings Private Owned 24 Sold
Median List Price $444,950 Median Sold Price $333,000
Bank Owned 11 listings Bank Owned 4 Sold
Median List Price $122,900 Median Sold Price $ 99,000

Active & Solds March 2010

236 listings:   38 Sold listings:
Median List Price $472,105 Median Sold Price $237,500

April 1, 2010 – March 31, 2011

598 listings:   400 Sold listings:
Median List Price $339,900 Median Sold Price $250,000

April 1, 2009– March 31, 2010

581 listings:   383 Sold listings:
Median List Price $349,900 Median Sold Price $267,100

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