Is Cassopolis, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cassopolis was a Seller's Market.
Housing Prices in Cassopolis, MI
How much do homes in Cassopolis, MI cost?
Median Sold Price
$248,250
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cassopolis was $248,250 in March 2024, up 2.4% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $150K | N/A |
2 Bedrooms | $180K | $167.2K | -7.1% |
3 Bedrooms | $239.9K | $244K | +1.7% |
4 Bedrooms | $157.5K | $346K | +119.7% |
5+ Bedrooms | $424.5K | $1.2M | +188.5% |
Summary: Cassopolis housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 119.7%, and 5+ bedroom homes increased by 188.5%.
Housing Supply in Cassopolis, MI
How many homes are available in Cassopolis, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 23 | +21.1% |
Summary: The Cassopolis real estate market had 23 homes for sale in March 2024, a 21.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 9 | 14 | +55.6% |
4 Bedrooms | 4 | 2 | -50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cassopolis housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 55.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Cassopolis in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Cassopolis, MI
How long does it take to sell a home in Cassopolis, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
89 Days | 21 Days | -75.8% |
Summary: Homes in Cassopolis had an average of 21 days on market in Mar 2024, down by 75.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Cassopolis; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.