Is Marquette County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Marquette County was a Buyer's Market.
Key Takeaway
Marquette County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marquette County, MI
How much do homes in Marquette County, MI cost?
Median Sold Price
$202,500
$166/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Marquette County have sold for 10% less than they did a month ago.
Summary: The median home sold price in Marquette County was $202,500 in May 2024, down 10% from last month, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $10K | N/A |
| 2 Bedrooms | - | $198.9K | N/A |
| 3 Bedrooms | $225K | $197.5K | -12.2% |
| 4 Bedrooms | $222.4K | $242K | +8.8% |
| 5+ Bedrooms | - | $337.5K | N/A |
Summary: Marquette County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Dickinson County | $130K | $149K | +14.6% |
| Iron County | $99.9K | $112.5K | +12.6% |
| Marquette County | $225K | $202.5K | -10.0% |
| Alger County | $650K | $235K | -63.8% |
Housing Supply in Marquette County, MI
How many homes are available in Marquette County, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 137 | 199 | +45.3% |
Summary: The Marquette County real estate market had 199 homes for sale in May 2024, a 45.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 5 | +400.0% |
| 2 Bedrooms | 32 | 46 | +43.8% |
| 3 Bedrooms | 51 | 79 | +54.9% |
| 4 Bedrooms | 46 | 53 | +15.2% |
| 5+ Bedrooms | 7 | 16 | +128.6% |
Summary: The Marquette County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 400%, 2 bedroom homes increased by 43.8%, 3 bedroom homes increased by 54.9%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 128.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 50 | +163.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marquette County, you could pay more than the asking price. 48% of homes here sold above asking price last month.
Summary: A total of 50 homes were sold or pending in Marquette County in May 2024, up by 163.2% month-over-month. Of the 50 sold homes, 34% were sold under asking, 18% were sold at asking, and 48% were sold over asking.
Days on Market for Marquette County, MI
How long does it take to sell a home in Marquette County, MI?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 27 Days | +14.6% |
Summary: Homes in Marquette County had an average of 27 days on market in May 2024, up by 14.6% compared to last month.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marquette County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 50 homes were sold in Marquette County; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource. 
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.