Is Macomb County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Macomb County is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, Macomb County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Macomb County, MI

How much do homes in Macomb County, MI cost?

Median Sold Price

$235,044

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$10,046(+4.5%)

Key Takeaway

Homes in Macomb County have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Macomb County was $235,044 in January 2024, up 4.5% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $74.5K$78K
+4.7%
2 $160.5K$174.9K
+9.0%
3 $224.1K$232.5K
+3.8%
4 $365.2K$375.5K
+2.8%
5+ $375K$400K
+6.7%

Summary: Macomb County housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 6.7%.

Median Sold Price Compared To Nearby Counties

Saint Clair County
+12.8%
Macomb County
+4.5%
Lapeer County
+3.5%
Oakland County
+2.8%
Wayne County
-0.3%

Housing Supply in Macomb County, MI

How many homes are available in Macomb County, MI?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
2,1452,049-4.5%

Summary: The Macomb County real estate market had 2,049 homes for sale in January 2024, a 4.5% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 2627
+3.8%
2 490471
-3.9%
3 1,1271,053
-6.6%
4 428423
-1.2%
5+ 7475
+1.4%

Summary: The Macomb County housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.8%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 1.4%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
737523-29.0%

Asking Price vs. Sold Price

276 Homes Were Sold
Under Asking

87 Homes Were Sold
At Asking

160 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Macomb County, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.

Summary: A total of 523 homes were sold or pending in Macomb County in January 2024, down by 29.0% month-over-month. Of the 523 sold homes, 53% were sold under asking, 17% were sold at asking, and 31% 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

Jan 2023Jan 2024CHANGE
35 Days31 Days-10.2%

Summary: Homes in Macomb County had an average of 31 days on market in Jan 2024, down by 10.2% compared to last year.

Breakdown of Home Sale Times

342 Homes Were Sold
Under 30 Days

143 Homes Were Sold
In 30 - 90 Days

38 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Macomb County are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 523 homes were sold in Macomb County; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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