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.
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