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Birmingham Market Trends

Today, November 26, 2009

Median Sales Price in Birmingham

Embed Info
1 yr 5 yr Max
Birmingham median sales prices
Number of sold homes in Birmingham
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$67,250+18.9%$30,000$56,549$178,500
2 bedrooms$120,000-18.6%$174,762$147,500$195,000
3 bedrooms$187,500-32.4%$217,000$277,500$274,000
4 bedrooms$321,472-35.1%$331,875$495,000$485,000
All properties$170,000-34.6%$220,054$260,000$245,000
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Birmingham Summary

The median sales price for homes in Birmingham MI for Aug 09 to Oct 09 was $170,000. This represents a decline of 22.7%, or $50,054, compared to the prior quarter and a decrease of 34.6% compared to the prior year. Sales prices have depreciated 30.6% over the last 5 years in Birmingham.

The average listing price for Birmingham homes for sale on Trulia was $628,289 for the week ending Nov 18, which represents a decline of 1.7%, or $10,754, compared to the prior week and a decline of 3.9%, or $25,311, compared to the week ending Oct 28. Average price per square foot for Birmingham MI was $143, a decrease of 21% compared to the same period last year.

 

Average Listing Price in Birmingham

Embed Info
1 yr 5 yr Max
Birmingham average property price
Birmingham – number of properties
No. BedroomsWeek ending
Nov 18
w-o-wWeek ending
Nov 11
Week ending
Nov 4
Week ending
Oct 28
1 bedroom$141,942+35.2%$104,970$103,334$102,174
2 bedrooms$273,137-1.6%$277,478$267,555$268,651
3 bedrooms$458,604+1.0%$454,084$448,439$448,443
4 bedrooms$1,028,832-1.5%$1,044,988$1,058,663$1,045,548
All properties$628,289-1.7%$639,043$654,964$653,600
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Average Price Per Sqft for Homes in Birmingham

Embed Info
1 yr 5 yr Max
Birmingham average price per square foot
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$68-35.2%$96$105$194
2 bedrooms$125-23.3%$160$163$216
3 bedrooms$155-19.7%$143$193$228
4 bedrooms$157-15.1%$164$185$246
All properties$143-21.0%$150$181$225
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Homes for Sale in Birmingham

475 N Eton Street, Birmingham MI
475 N Eton…
$57,900
2 br  1 ba
1087 Bird Avenue, Birmingham MI
1087 Bird…
$359,900
3 br  2 ½ ba
1847 Southfield Road, Birmingham MI
1847 South…
$115,900
3 br  1 ½ ba
602 Riverside Drive, Birmingham MI
602 Rivers…
$699,900
 
2266 Attard, Birmingham MI
2266 Attard…
$390,000
3 br  5 ba
806 Bennaville Avenue, Birmingham MI
806 Bennav…
$649,000
5 br  3 ½ ba
View all Birmingham Homes for Sale
 
Stats & Trends
Birmingham

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Community Info

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  • 48009
  • 48012
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Nearby Cities

Cities
Median
sales price
Average
listing price
Beverly Hills
$215,500
$284,988
Bingham Farms
$381,500
$579,715
Franklin
$220,000
$733,564
Clawson
$85,670
$121,825
Berkley
$110,000
$133,588
Lathrup Village
$105,000
$137,462
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Advice

Recent Q&A in Birmingham, MI

Q: Can a listing agent place an offer on a house that he or she is listing? 6 answers
Q: how do i get lisings of all the bank owned and foreclosed homes? 6 answers
Q: how do you get a brokers liscense? 4 answers
Q: How close to listing price are homes in Birmingham (48009) selling for on average? 3 answers
Q: I made an offer last tuesday and the real estate agent hasn't sent it in yet I think she is waiting for a 6 answers

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More Advice:
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Nearby Cities Real Estate

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Nearby Cities Home Prices

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  • Birmingham Real Estate Overview
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Our real estate market trends page gives you a valuable overview of the Birmingham real estate market. Find Birmingham properties, sales statistics, real estate price trends, and real estate market activity. Find detailed information on Birmingham average and median listing prices, home value trends, and average price per square feet information for single family homes, condos, and other property types. Real estate market data is segmented by the number of bedrooms and Birmingham housing statistics are available for each Birmingham, MI neighborhood.
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Price per Square Foot is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.