Is Cement City, MI a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Cement City is a seller'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



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Cement City have sold for 6% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 --
2 $120K$120K
3 $240K$247.5K
4 $274.9K$275K
5+ $235K$140K

Median Sold Price Compared To Nearby Cities

Cement City
Somerset Township
Cement City

How many homes are available in Cement City, MI?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
2 00
3 1011
4 43
5+ 10

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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 2022May 2023%
1 Days116 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Cement City are taking a long time to sell, it's a good idea to negotiate on homes here.

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

What housing markets are near Cement City, MI?

About Cement City, MI

Homes for sale in Cement City, MI have reached 14. The inventory of homes for sale in Cement City, MI between April 2023 and May 2023 decreased by 6.7%. While the average time on the market in May 2023 was 116 days, the median list price was $235,000. Real estate listing prices changed between April 2023 and May 2023: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties did not move, the cost of 3 bedrooms properties went up by 3.1%, prices of 4 bedrooms properties remained the same, prices of 5 bedrooms properties decreased by 40.4%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, 3 bedrooms homes became 10% more available, 4 bedrooms homes became 25% less available, 5 bedrooms homes became 100% less available. Cement City, MI housing market in May 2023 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 5 sold below.