Flat Rock Real Estate Market

Flat Rock Market

The median sale price for homes in Flat Rock over the last 12 months is $120,089.


The median mortgage debt is $87,077.

Additional Statistics for Single Family Homes and Condos in Flat Rock, MI
$106,790
Median Listing Price
58
Median Days on Market
59
Active Listings
18.6%
Distressed Listings
(foreclosures and short sales)
Flat Rock, MI Price Trends - Sold vs. Listed
The median list price in May for single family homes in Flat Rock is $169,900. The list prices dropped by -2.6% from the previous month.

The price per square foot for listings in this area is $78.

The median sale price in December for single family homes is $104,963. The sale prices increased by 24.95% from the previous month.

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Flat Rock, MI Market Inventory Trends

The number of active listings in Flat Rock dropped by 2.6% from the previous month.

The median number of days active properties have been listed is 37. This is significantly shorter than the national average.

The number of sales in December dropped by 82.4% from the previous month.

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Flat Rock, MI Property Ownership

This chart shows home occupancy within an area.

A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.

High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.

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