Is Eaton County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eaton County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Eaton County has remained a Seller's Market.

Key Takeaway

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

How much do homes in Eaton County, MI cost?

Median Sold Price

$209,060

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$12,764(+6.5%)

Key Takeaway

Homes in Eaton County have sold for 6.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $115K$70K
-39.1%
2 $132.6K$140.5K
+6.0%
3 $190K$201.3K
+5.9%
4 $250.8K$275K
+9.7%
5+ $271.5K$318.5K
+17.3%

Median Sold Price Compared To Nearby Counties

Ionia County
+7.7%
Eaton County
+6.5%
Ingham County
+6.4%
Clinton County
+5.5%
Calhoun County
+5.5%

How many homes are available in Eaton County, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
435461+6.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 11
0.0%
2 7059
-15.7%
3 224243
+8.5%
4 114127
+11.4%
5+ 2631
+19.2%

Number of Homes Sold

Jul 2022Aug 2022%
131130-0.8%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

31 Homes Were Sold
At Asking

60 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eaton County, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
29 Days16 Days-42.6%

Breakdown of Home Sale Times

5 Homes Were 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 Eaton County are selling fast, if you're buying plan to act quickly.

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

About Eaton County, MI

Eaton County, MI has 461 homes for sale to choose from. Between July 2022 and August 2022, Eaton County, MI real estate market has seen increase in the number of listings by 6%. The median list price of listings available in August 2022 was $209,060, while the average time on the real estate market was 16 days. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went down by 39.1%, 2 bedrooms properties became 6% more expensive, prices of 3 bedrooms properties went up by 5.9%, 4 bedrooms properties prices increased by 9.7%, 5 bedrooms properties prices increased by 17.3%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, number of 2 bedrooms homes decreased by 15.7%, 3 bedrooms homes became 8.5% more available, number of 4 bedrooms homes increased by 11.4%, volume of 5 bedrooms homes went up by 19.2%. In August 2022 more than 60 listings in Eaton County, MI were sold above the asking price. During the same period more than 31 listings were sold at asking price, while more than 39 were sold below.

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