Southgate, MI Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Southgate, MI is $187,500, down 8.5% year-over-year. Homes sell in an average of 22 days with 30 active listings. The market is currently a seller's market.
$187,500median sale price
Is Southgate a buyer's or seller's market?
Southgate, MI is currently a seller's market, based on 1.3 months of supply and homes selling in about 22 days. How we determine this →
Homes sold
23
Last 12 weeks
Days on market
22
Average pace
Active listings
30
1.3 months supply
Sale-to-list
99.2%
Below asking
Southgate, MI market data
| Metric | Value |
|---|---|
| Median sale price | $187,500 |
| Median list price | $199,900 |
| Year-over-year price change | -8.5% |
| Average days on market | 22 days |
| Active inventory | 30 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 99.2% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The Southgate housing market is currently classified as a seller's market with a median sale price of $187,500. Prices have fallen 8.5% compared to last year, with homes spending an average of 22 days on market, indicating 1.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Southgate
There are currently 30 homes listed for sale in Southgate, Michigan. The median listing price is $200K.
Active listings
30
Homes on market
Median list price
$200K
Avg. days on market
22
Days until sale
New this week
15
Newly listed
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Frequently asked questions
What is the average home price in Southgate?
The median home sale price in Southgate is $187,500, down 8.5% from last year.
How long do homes stay on market in Southgate?
Homes typically spend 22 days on market before going under contract.
Is Southgate a buyer's or seller's market?
With 1.3 months of supply, Southgate is currently a seller's market.
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