Metropolitan Statistical Area (MSA):
Battle Creek, MI is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the housing market in Battle Creek, MI is on the rebound. After years of decline, prices are finally starting to rise and there is more interest in purchasing and selling homes in the area. This is good news for those who own real estate in Battle Creek as well as those who are looking to purchase a home in the near future. Here are some of the latest trends that are taking place in the Battle Creek housing market:
1. Prices are on the rise - According to Zillow, the median home value in Battle Creek is $85,000, which is a 4.4% increase from last year. This trend is expected to continue as more people look to purchase homes in the area.
2. More homes are being sold - The number of homes being sold in Battle Creek has increased significantly over the past year. In fact, there was a 26% increase in sales from 2016 to 2017. This trend is likely due to the combination of rising prices and more people moving into the area.
3. More new construction - Another sign that things are improving in Battle Creek is that there is more new construction taking place than there has been in recent years. This means that builders are confident that there will be buyers for their new homes and that they can sell them at a profit.
4. Low inventory - One of the challenges facing buyers right now is low inventory levels. There simply aren't as many homes on the market as there were a few years ago and this has caused prices to rise even further. If you're thinking about buying a home in Battle Creek, it's important to act quickly when you find something you like because it may not be available for long