Is Macomb, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Macomb has remained a Seller's Market.
Housing Prices in Macomb, MI
How much do homes in Macomb, MI cost?
Median Sold Price
$430,059
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Macomb was $430,059 in June 2024, up 5.1% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $264K | $256.5K | -2.8% |
3 Bedrooms | $377K | $400K | +6.1% |
4 Bedrooms | $480K | $525K | +9.4% |
5+ Bedrooms | $540K | $510K | -5.6% |
Summary: Macomb housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
Shelby Charter Township | $330.1K | $347.5K | +5.3% |
Macomb | $409.2K | $430K | +5.1% |
Macomb Township | $409.2K | $430K | +5.1% |
Clinton Charter Township | $225K | $234K | +4.0% |
Clinton Township | $224.9K | $233.1K | +3.7% |
Housing Supply in Macomb, MI
How many homes are available in Macomb, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
185 | 210 | +13.5% |
Summary: The Macomb real estate market had 210 homes for sale in June 2024, a 13.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 32 | 46 | +43.8% |
3 Bedrooms | 60 | 74 | +23.3% |
4 Bedrooms | 87 | 80 | -8.0% |
5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Macomb housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 43.8%, 3 bedroom homes increased by 23.3%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
57 | 52 | -8.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Macomb in June 2024, down by 8.8% month-over-month. Of the 52 sold homes, 29% were sold under asking, 19% were sold at asking, and 52% were sold over asking.
Days on Market for Macomb, MI
How long does it take to sell a home in Macomb, MI?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
48 Days | 18 Days | -61.3% |
Summary: Homes in Macomb had an average of 18 days on market in Jun 2024, down by 61.3% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 52 homes were sold in Macomb; 90% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.