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Reed City Home Values and Market Report

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Market at a glance

Over the last 12 months, homes sold for 95.9% of list price in 42 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $298K Sold · $282K
$320K$250K$180K$110K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 23 sales in Jul. Last month: 15.

Where the market stands

All homes in this report, by status.

229homes
Active66 · 29%
Under contract17 · 7%
Sold (12 mo)146 · 64%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

4.8months of inventory
Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$247K
Under contract$183K
Sold$207K

Average days on market

Active116 days
Under contract66 days
Sold42 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 66
Average list price $247,298
Avg. days on market 116 days
Avg. price per ft² $159 Based on 39 of 66 homes
Avg. living area 1,854 ft² Based on 39 of 66 homes
Avg. beds / baths 3.0 / 1.9

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

27 homes didn’t report living area and aren’t shown.

$600K$400K$200K$0

Price vs. living area: 39 homes plotted, up to $600K and 9,000 ft².

0 ft²3,0006,0009,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

26 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

22469 165th Avenue$391
103 Heritage Place Unit Unit 2$346
8172 S Frank Smith Road$333
15033 6 Mile Road$246
20210 Maple Drive$228
8758 15 Mile Road$210
16685 Schofield Road$203

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
V/L Beech AvenueReed City, MI 49677 ———$92,900—1 day
225 S Higbee StreetReed City, MI 49677 532,476$379,900$1532 days
15033 6 Mile RoadHersey, MI 49639 321,216$299,900$2465 days
22385 230th AvenueParis, MI 49338 532,744$499,900$1825 days
9015 225th AvenueReed City, MI 49677 311,199$209,500$17410 days
316 W Osceola AvenueReed City, MI 49677 321,945$249,000$12811 days
5233 Commanche TrailReed City, MI 49677 321,336$180,000$13414 days
22140 220th AvenueParis, MI 49338 321,232$139,900$11318 days
10291 S Deer Lake RoadReed City, MI 49677 311,774$186,900$10522 days
309 Vine StreetParis, MI 49338 311,650$169,900$10226 days
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Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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