Is Casnovia, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Casnovia is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Casnovia was a Seller's Market.

Key Takeaway

Casnovia is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Casnovia, MI

How much do homes in Casnovia, MI cost?

Median Sold Price

$295,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$75,000(+34.1%)

Key Takeaway

Homes in Casnovia have sold for 34.1% more than they did a year ago.

Summary: The median home sold price in Casnovia was $295,000 in September 2024, up 34.1% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$347.8K
N/A
2 $210K-
N/A
3 $237.5K$220K
-7.4%
4 $250K$432.4K
+73.0%
5+ -$300K
N/A

Summary: Casnovia housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 73%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Casnovia
+34.1%
Casnovia Township
+23.6%
Tyrone Township
+10.0%

Housing Supply in Casnovia, MI

How many homes are available in Casnovia, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
86-25.0%

Summary: The Casnovia real estate market had 6 homes for sale in September 2024, a 25.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 53
-40.0%
4 11
0.0%
5+ 12
+100.0%

Summary: The Casnovia housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Casnovia, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Casnovia in September 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Casnovia, MI

How long does it take to sell a home in Casnovia, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
16 Days26 Days+62.5%

Summary: Homes in Casnovia had an average of 26 days on market in Sep 2024, up by 62.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Casnovia are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 1 homes were sold in Casnovia; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Casnovia, MI

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