Cedar Springs, MI Home Values & Market Trends
Real estate market trends reflect that there have been 278 transactions over the past year in Cedar Springs. The median value for residential home transactions that occurred over the previous year is $312,944.14. The number of current listings in Cedar Springs is 26, and the percentage of properties for sale in the city is 26.00%. Cedar Springs, MI currently has 5 properties in foreclosure, 2 bank owned properties, 3 properties headed for auction, and 26 properties for sale.
Cedar Springs, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 49319 | $ 305,794 $ 174/sqft |
Housing Market Summary for Cedar Springs, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $295K | $280.8K | -4.80% |
| Median Sold Price | $268.6K | $280.8K | 4.55% |
| Homes For Sale | 17 | 20 | 17.65% |
| Homes Sold | 168 | 124 | -26.19% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Cedar Springs, MI
Browse Homes in Cedar Springs, MI
Cedar Springs home values range from $26,811 to $4,127,182. The median estimated value of a home in Cedar Springs is $312,944.14. The median list price of a home is 284,450, and the total count of properties in the city is 5,774.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Cedar Springs, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Cedar Springs, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Cedar Springs, MI ranges from the highest value of $323,113 in 49319 to the lowest value of $323,113 in 49319. Bank owned homes and properties account for 0.03% of properties in Cedar Springs, MI. There is 1 zips within Cedar Springs, MI; 49319 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions49319 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Cedar Springs, MI. Auction homes and other auction properties account for 0.05% of all properties in Cedar Springs, MI. There is 1 zips within Cedar Springs, MI; of that zips, the median estimated home value for homes going to auction ranges from $279,655 in 49319 to the lowest value of $268,936 in 49319.
Compare Nearby Cities
More Real Estate Resources for Cedar Springs, MI
Guide for Cedar Springs, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
Information on foreclosure financing, refinancing, and foreclosure mortgages.