DeWitt Housing Market Report December 2024•Clinton County, Michigan

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Housing Prices in DeWitt, MI

How much do homes in DeWitt, MI cost?

Housing Market Conditions

Is DeWitt, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

DeWitt is a Buyer's Market

Difference Since December 2023

At the same time last year, DeWitt was a Seller's Market.

Insight

DeWitt is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$382,450$166/SqFt
+$19,550
+5.4%

Based on all homes sold in the last 12 months

Insight

Homes in DeWitt have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in DeWitt was $382,450 in December 2024, up 5.4% from last year, and the median price per square foot was $166.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
DeWitt
+5.4%
DeWitt Charter Township
+3.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$189K-
N/A
2$218.2K$222.5K
+1.9%
3$293K$319.9K
+9.2%
4$400K$410K
+2.5%
5$510K$505K
-1.0%

Summary: DeWitt housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +1.9%. The home price for 3 bedroom homes increased by +9.2%. The home price for 4 bedroom homes increased by +2.5%. The home price for 5 bedroom homes decreased by -1.0%.

Housing supply in DeWitt, MI

How many homes are available in DeWitt, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
40Last MonthDec 2024
532 months agoNov 2024
-24.5 %
Change MoMNov – Dec

Summary: The DeWitt real estate market had 40 homes for sale in Dec 2024, a 24.5 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
5Last MonthDec 2024
202 months agoNov 2024
-75.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
255
0.0%
32413
-45.8%
41716
-5.9%
576
-14.3%

Summary: DeWitt housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -45.8%. The inventory for 4 bedroom homes decreased by -5.9%. The inventory for 5 bedroom homes decreased by -14.3%.

Asking Price vs. Sold Price

How much do homes in DeWitt, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price2 Homes

Under Asking Price3 Homes

Insight

If you're buying a home in DeWitt, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in DeWitt in December 2024, down by 75.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and and 0% were sold over asking.

Days on Market for DeWitt, MI

How long does it take to sell a home in DeWitt, MI?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

Many homes in DeWitt are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in DeWitt; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
32 DaysThis YearDec 2024
15 Days1 year agoDec 2023
+110.8 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in DeWitt had an average listing age of 32 days in Dec 2024, up by 110.8% compared to the previous year.

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Newest Listings in DeWitt, MI

What homes are available in DeWitt, MI?

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MLS Disclaimers and Copyright

Based on information from Greater Lansing MLS, and MiRealSource Inc. DL for the period 01/01/2023 - 01/01/2025

IDX Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 11:21:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

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The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 11:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.