Is Iosco County, 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, Iosco County was a Seller's Market.
Key Takeaway
Iosco County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Iosco County, MI
How much do homes in Iosco County, MI cost?
Median Sold Price
$166,333
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Iosco County have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Iosco County was $166,333 in March 2024, up 10.9% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.7K | $80K | -3.3% |
| 2 Bedrooms | $140.9K | $150K | +6.4% |
| 3 Bedrooms | $157K | $170K | +8.3% |
| 4 Bedrooms | $216.5K | $245K | +13.2% |
| 5+ Bedrooms | $210K | $255K | +21.4% |
Summary: Iosco County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 21.4%.
Median Sold Price Compared To Nearby Counties
| Alcona County | $150K | $175K | +16.7% |
| Iosco County | $150K | $166.3K | +10.9% |
| Ogemaw County | $137K | $149.9K | +9.4% |
Housing Supply in Iosco County, MI
How many homes are available in Iosco County, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 95 | 100 | +5.3% |
Summary: The Iosco County real estate market had 100 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 24 | 30 | +25.0% |
| 3 Bedrooms | 46 | 46 | 0.0% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Iosco County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Iosco County, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Iosco County in March 2024, down by 22.2% month-over-month. Of the 13 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.
Days on Market for Iosco County, MI
How long does it take to sell a home in Iosco County, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 80 Days | 80 Days | -0.1% |
Summary: Homes in Iosco County had an average of 80 days on market in Mar 2024, down by 0.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Iosco County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 14 homes were sold in Iosco County; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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