Is Macomb, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$425,214
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Macomb was $425,214 in March 2024, up 3.3% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $260K | $259K | -0.4% |
3 Bedrooms | $390K | $385K | -1.3% |
4 Bedrooms | $475K | $514.6K | +8.4% |
5+ Bedrooms | $520K | $540K | +3.8% |
Summary: Macomb housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
Macomb | $411.7K | $425.2K | +3.3% |
Macomb Township | $412K | $425.3K | +3.2% |
Shelby Charter Township | $335K | $339.9K | +1.5% |
Clinton Township | $230K | $228.7K | -0.5% |
Clinton Charter Township | $231.1K | $229.9K | -0.5% |
Housing Supply in Macomb, MI
How many homes are available in Macomb, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
138 | 193 | +39.9% |
Summary: The Macomb real estate market had 193 homes for sale in March 2024, a 39.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 21 | +50.0% |
3 Bedrooms | 53 | 73 | +37.7% |
4 Bedrooms | 62 | 92 | +48.4% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Macomb housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 37.7%, 4 bedroom homes increased by 48.4%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 49 | +113.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Macomb in March 2024, up by 113.0% month-over-month. Of the 49 sold homes, 47% were sold under asking, 16% were sold at asking, and 37% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
115 Days | 34 Days | -70.1% |
Summary: Homes in Macomb had an average of 34 days on market in Mar 2024, down by 70.1% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 49 homes were sold in Macomb; 80% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.