Is Macomb County, 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 County has remained a Seller's Market.
Housing Prices in Macomb County, MI
How much do homes in Macomb County, MI cost?
Median Sold Price
$237,705
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Macomb County was $237,705 in March 2024, up 4.7% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $74.7K | $86.5K | +15.7% |
2 Bedrooms | $165.1K | $177.5K | +7.5% |
3 Bedrooms | $224.8K | $234.9K | +4.5% |
4 Bedrooms | $364.9K | $382.7K | +4.9% |
5+ Bedrooms | $387K | $380K | -1.8% |
Summary: Macomb County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Counties
Saint Clair County | $199.3K | $219.9K | +10.3% |
Macomb County | $226.9K | $237.7K | +4.7% |
Lapeer County | $253.1K | $265K | +4.7% |
Oakland County | $322.3K | $332.9K | +3.3% |
Wayne County | $179.9K | $180K | 0.1% |
Housing Supply in Macomb County, MI
How many homes are available in Macomb County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,526 | 1,866 | +22.3% |
Summary: The Macomb County real estate market had 1,866 homes for sale in March 2024, a 22.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 24 | +33.3% |
2 Bedrooms | 340 | 431 | +26.8% |
3 Bedrooms | 800 | 959 | +19.9% |
4 Bedrooms | 307 | 391 | +27.4% |
5+ Bedrooms | 61 | 61 | 0.0% |
Summary: The Macomb County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 26.8%, 3 bedroom homes increased by 19.9%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
401 | 516 | +28.7% |
Asking Price vs. Sold Price
221 Homes Were Sold
Under Asking
68 Homes Were Sold
At Asking
227 Homes Were Sold
Over Asking
Summary: A total of 516 homes were sold or pending in Macomb County in March 2024, up by 28.7% month-over-month. Of the 516 sold homes, 43% were sold under asking, 13% were sold at asking, and 44% were sold over asking.
Days on Market for Macomb County, MI
How long does it take to sell a home in Macomb County, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
81 Days | 29 Days | -64.5% |
Summary: Homes in Macomb County had an average of 29 days on market in Mar 2024, down by 64.5% compared to last year.
Breakdown of Home Sale Times
376 Homes Were Sold
Under 30 Days
100 Homes Were Sold
In 30 - 90 Days
39 Homes Were Sold
Over 90 Days
Summary: During March 2024, 516 homes were sold in Macomb County; 73% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.