Is Cement City, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
Since last year, Cement City has remained a Seller's Market.
Key Takeaway
Cement City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Cement City, MI cost?
Median Sold Price
$235,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
-$14,900(-6.0%)
Key Takeaway
Homes in Cement City have sold for 6% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120K | $120K | 0.0% |
| 3 Bedrooms | $240K | $247.5K | +3.1% |
| 4 Bedrooms | $274.9K | $275K | 0.0% |
| 5+ Bedrooms | $235K | $140K | -40.4% |
Median Sold Price Compared To Nearby Cities
| Cement City | $181K | $229K | +26.5% |
| Jerome | $241K | $239.9K | -0.5% |
| Somerset Township | $250K | $239.9K | -4.0% |
| Cement City | $249.9K | $235K | -6.0% |
How many homes are available in Cement City, MI?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 15 | 14 | -6.7% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
5 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 Cement City, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
How long does it take to sell a home in Cement City, MI?
How long does it take to sell a home in Cement City, MI?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 1 Days | 116 Days | +6860.0% |
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Cement City are taking a long time to sell, it's a good idea to negotiate on homes here.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2023 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.