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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Essexville is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

How much do homes in Essexville, MI cost?

Median Sold Price

$108,700

$96/sqft

Based on all homes sold in August 2022.

Difference Since Last Month

-$27,300(-20.1%)

Key Takeaway

Homes in Essexville have sold for 20.1% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSJul 2022Aug 2022%
1 --
N/A
2 $130K-
N/A
3 $142K$88.7K
-37.5%
4 -$151.2K
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Hampton Charter Township
+37.2%
Essexville
-20.1%

How many homes are available in Essexville, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
1115+36.4%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 21
-50.0%
3 59
+80.0%
4 45
+25.0%
5+ 00
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
440.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Essexville, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Jul 2022Aug 2022%
29 Days16 Days-44.1%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Essexville 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 Essexville, MI

Homes for sale in Essexville, MI have reached 15. The number of homes for sale in Essexville, MI increased by 36.4% between July 2022 and August 2022. While the average time on the market in August 2022 was 16 days, the median list price was $108,700. Real estate listing prices changed between August 2021 and August 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 0%, 3 bedrooms properties prices decreased by 37.5%, the cost of 4 bedrooms properties went up by 0%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went down by 50%, 3 bedrooms homes became 80% more available, 4 bedrooms homes became 25% more available, volume of 5 bedrooms homes stayed the same. In August 2022 more than 1 listings in Essexville, MI were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 1 were sold below.

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