Market Analysis & Statistics Homes Sold For Birmingham MI February 2011

Market Analysis & Statistics For Birmingham MI February 2011

February 2011 median sale prices increased 10% from January 2011 & a 18% increase # of homes sold. Private owned homes median price decreased 18% in February 2011 from January 2011.  Bank owned homes median price decreased 21% in February 2011 from January 2011.  February 2011 median sale price increased 26% from February 2010. Yr ending February 2011 median sale price compared to yr ending February 2010 decreased 06%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Solds February 2011

231 listings: 28 Sold listings:
Average List Price $596,662 Average Sold Price $325,007
Median List Price $425,000 Median Sold Price $268,500
Highest List Price $3,695,000 Highest Sold Price $950,000
Lowest List Price $57,900 Lowest Sold Price $ 75,000
Avg. DOM 200 Avg. DOM 114
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 January 2011

225 listings: 23 Sold listings:
Median List Price $425,000 Median Sold Price $241,000
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 February 2010

230 listings: 27 Sold listings:
Median List Price $404,950 Median Sold Price $199,000

March 1, 2010 – February 28, 2011

602 listings: 399 Sold listings:
Median List Price $337,000 Median Sold Price $250,000

March 1, 2009– February 28, 2010

576 listings: 373 Sold listings:
Median List Price $349,000 Median Sold Price $267,100

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