Is Caro, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Caro has remained a Seller's Market.
Key Takeaway
Caro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Caro, MI
How much do homes in Caro, MI cost?
Median Sold Price
$139,500
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Caro have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Caro was $139,500 in April 2024, down 2.1% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $26K | $37K | +42.3% |
| 2 Bedrooms | $89K | $102.5K | +15.2% |
| 3 Bedrooms | $149.9K | $159.4K | +6.4% |
| 4 Bedrooms | $202.5K | $265K | +30.9% |
| 5+ Bedrooms | $250K | - | N/A |
Summary: Caro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.3%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 30.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Indianfields Township | $136K | $140K | +2.9% |
| Caro | $142.5K | $139.5K | -2.1% |
Housing Supply in Caro, MI
How many homes are available in Caro, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Summary: The Caro real estate market had 16 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Caro housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Caro, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Caro in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Caro, MI
How long does it take to sell a home in Caro, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 263 Days | 97 Days | -63.1% |
Summary: Homes in Caro had an average of 97 days on market in Apr 2024, down by 63.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Caro has remained consistent over time.
Summary: During April 2024, 5 homes were sold in Caro; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
