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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Casnovia is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Casnovia has remained a Seller's Market.

Key Takeaway

Casnovia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Casnovia, MI

How much do homes in Casnovia, MI cost?

Median Sold Price

$190,000

$172/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$11,000(+6.1%)

Key Takeaway

Homes in Casnovia have sold for 6.1% more than they did a month ago.

Summary: The median home sold price in Casnovia was $190,000 in September 2024, up 6.1% from last month, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $179K$190K
+6.1%
4 --
N/A
5+ --
N/A

Summary: Casnovia housing prices by bedroom type for September 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 increased by 6.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Casnovia, MI

How many homes are available in Casnovia, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
65-16.7%

Summary: The Casnovia real estate market had 5 homes for sale in September 2024, a 16.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 53
-40.0%
4 11
0.0%
5+ 01
+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 remained the same, 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

Aug 2024Sep 2024CHANGE
11 Days26 Days+136.4%

Summary: Homes in Casnovia had an average of 26 days on market in Sep 2024, up by 136.4% compared to last month.

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

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