Birmingham MI Homes & Real Estate Insights: Discover Now!
Are you curious about the shifting landscape of real estate in Birmingham, Michigan? The data reveals a dynamic market with significant price fluctuations and a diverse range of properties, from luxurious single-family homes to stylish condos.
The real estate market in Birmingham, Michigan, as of late 2024, presents a fascinating case study in property valuation and investment trends. Several properties stand out, illustrating the breadth of options available to potential buyers and sellers. Consider the residence at 273 Euclid Ave, a sprawling single-family home with an impressive 7,054 square feet, built in 2018. This property, featuring five bedrooms and seven bathrooms, last changed hands in November 2023 for a substantial $4,400,000. The Zestimate for this home is currently $4,665,400, although it has experienced a decrease of $11,745 in value over the past 30 days. Furthermore, the estimated monthly rental income for this property is $30,472, a figure that has seen a significant increase of $30,472 per month.
Another notable property is the condo located at 369 N Old Woodward Ave #301, built in 2017. Zillow showcases 14 photos of this 3-bedroom, 3-bathroom unit, which spans 3,510 square feet and is listed at $2,760,000. This property exemplifies the high-end condo market in Birmingham, offering a modern living experience in a desirable location.
Analyzing these properties gives insights into the factors that influence home valuation. For example, the property at 235 Chesterfield Ave, a 7,000 sq ft single-family home constructed in 2024, reflects the demand for new construction and luxury amenities. This home, which includes six bedrooms and eight bathrooms, was sold in August 2024 for $3,278,000. Its Zestimate currently stands at $3,328,600, with an increase of $38,868 in the last month. The estimated rent for this property is $7,778 per month, a figure that mirrors the trend observed in the rental market.
Looking at a different segment of the market, the home at 789 Smith Ave, built in 2000, presents a contrast to the newer constructions. This single-family home, with 3,712 square feet, four bedrooms, and four bathrooms, was sold in August 2023 for $710,000. The current Zestimate for this property is $826,700, representing an increase of $40,700 in the last 30 days. Additionally, the estimated rent is $4,989 per month.
Exploring the market further, Zillow displays a listing of 88 homes for sale in the 48009 zip code, providing potential buyers with a wide array of options. Prospective buyers can review listing photos, examine sales history, and employ real estate filters to pinpoint their ideal property within this area.
The residence at 2182 Buckingham Ave, a 5,979 square foot single-family home with four bedrooms and four bathrooms, built in 2024, showcases modern design. Zillow has 19 photos of this home, with a listed price of $2,250,000.
It is worth noting that 369 N Old Woodward Ave #202 is currently not for sale. This particular unit is a condo of 2,557 square feet, featuring two bedrooms and three bathrooms, adding to the variety of housing options available in the area. The unit at 271 Chesterfield Ave, a single-family home with 3,558 sq ft built in 1923, is also worth investigating. This 4-bedroom, 4-bathroom home last sold for $1,215,000 in November 2024. The Zestimate is $1,223,200, a $7,510 increase in the last 30 days; the rent estimate is $6,711 a month.
A glimpse into the luxury market is offered by the property at 330 Ferndale Ave, a single-family home built in 2001. Zillow has 58 photos of this 6,218 square foot home, with 4 beds and 7 baths, which is listed for $2,599,000. These options underscore the various architectural styles and amenities present in Birmingham's housing market.
For those considering other properties, 594 Chesterfield Ave has one photo, a 4-bedroom home with 2.5+ bathrooms and 3,043 square feet.
A single-family home built in 1940, which last sold on 04/05/2024.
The home at 622 Chesterfield Ave, built in 1940, features 4 bedrooms, 4 bathrooms, and 2,967 sq ft. It last sold for $682,500 in August 2013. The Zestimate is $1,044,700, which has increased by $23,439 in the past 30 days. The rent estimate is $6,285 per month.
In another segment of the market, the single-family home at 2298 W Lincoln Ave, constructed in 1951 and comprising 3,122 sq ft, 4 bedrooms, and 4 bathrooms, has a sales history from July 2024, with a price of $900,000. The Zestimate for this home is $928,400, reflecting a $6,765 increase over the past 30 days. The estimated monthly rent is $5,934.
Condominiums also contribute to Birmingham's housing market. One example is a 1-bedroom, 1-bathroom condo with 793 square feet. The condo located at 411 S Old Woodward Ave, Birmingham, MI 48009, sold for $351,625 on September 12, 2017, indicating the presence of accessible, smaller living options within the city.
The phrase, "Luxury high rise living in the heart of Birmingham," alludes to a segment of the housing market targeting individuals interested in high-end condo living, emphasizing location and sophistication. "Birmingham, MI homes for sale" encapsulates the entire market. Additionally, there are several identical listings for 411 S Old Woodward Ave #524, Birmingham, MI 48009, suggesting a specific unit or property within the condo complex.
| Property Address | Type | Year Built | Square Footage | Bedrooms | Bathrooms | Last Sale Price | Sale Date | Zestimate | Rent Zestimate |
|---|---|---|---|---|---|---|---|---|---|
| 273 Euclid Ave, Birmingham, MI | Single Family Home | 2018 | 7054 sq ft | 5 | 7 | $4,400,000 | November 2023 | $4,665,400 (Decreased by $11,745 in 30 days) | $30,472/mo (Increased by $30,472/mo) |
| 369 N Old Woodward Ave #301, Birmingham, MI | Condo | 2017 | 3,510 sq ft | 3 | 3 | $2,760,000 (Listed Price) | - | - | - |
| 235 Chesterfield Ave, Birmingham, MI | Single Family Home | 2024 | 7000 sq ft | 6 | 8 | $3,278,000 | August 2024 | $3,328,600 (Increased by $38,868 in 30 days) | $7,778/mo (Increased by $7,778/mo) |
| 789 Smith Ave, Birmingham, MI | Single Family Home | 2000 | 3712 sq ft | 4 | 4 | $710,000 | August 2023 | $826,700 (Increased by $40,700 in 30 days) | $4,989/mo (Increased by $4,989/mo) |
| 2182 Buckingham Ave, Birmingham, MI | Single Family Home | 2024 | 5,979 sq ft | 4 | 4 | $2,250,000 (Listed Price) | - | - | - |
| 271 Chesterfield Ave, Birmingham, MI | Single Family Home | 1923 | 3558 sq ft | 4 | 4 | $1,215,000 | November 2024 | $1,223,200 (Increased by $7,510 in 30 days) | $6,711/mo (Increased by $6,711/mo) |
| 330 Ferndale Ave, Birmingham, MI | Single Family Home | 2001 | 6,218 sq ft | 4 | 7 | $2,599,000 (Listed Price) | - | - | - |
| 622 Chesterfield Ave, Birmingham, MI | Single Family Home | 1940 | 2,967 sq ft | 4 | 4 | $682,500 | August 2013 | $1,044,700 (Increased by $23,439 in 30 days) | $6,285/mo (Increased by $6,285/mo) |
| 2298 W Lincoln Ave, Birmingham, MI | Single Family Home | 1951 | 3,122 sq ft | 4 | 4 | $900,000 | July 2024 | $928,400 (Increased by $6,765 in 30 days) | $5,934/mo (Increased by $5,934/mo) |
| 411 S Old Woodward Ave, Birmingham, MI #524 | Condo | - | - | - | - | $351,625 | September 12, 2017 | - | - |
The variety in property types, coupled with the fluctuating Zestimates and rental income projections, provides potential buyers and investors with an array of options. The market dynamics in Birmingham, MI, particularly in the 48009 area, require careful analysis of location, home condition, and current real estate trends. "Homes for sale" and listings are available on Zillow, where you can utilize real estate filters.
For more detailed information on the real estate market in Birmingham, Michigan, it is recommended to consult with local real estate professionals and explore resources like Zillow and other reputable real estate databases. Understanding property value through the Zestimate, and tracking rental income expectations, is essential in making informed investment decisions. Further, staying updated on the most recent sales, new construction trends, and market trends contributes to the overall understanding of a highly dynamic real estate environment.
