Is Macomb County, 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 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
$240,263
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Macomb County was $240,263 in June 2024, up 6.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $73.5K | $89.9K | +22.3% |
2 Bedrooms | $170.1K | $176K | +3.4% |
3 Bedrooms | $222.5K | $240.1K | +7.9% |
4 Bedrooms | $375.1K | $386.6K | +3.1% |
5+ Bedrooms | $387K | $375K | -3.1% |
Summary: Macomb County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.3%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Counties
Lapeer County | $255K | $273.9K | +7.4% |
Macomb County | $226.1K | $240.2K | +6.2% |
Saint Clair County | $206.7K | $217.5K | +5.2% |
Wayne County | $176.2K | $184.8K | +4.9% |
Oakland County | $323.9K | $335.1K | +3.5% |
Housing Supply in Macomb County, MI
How many homes are available in Macomb County, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,990 | 2,157 | +8.4% |
Summary: The Macomb County real estate market had 2,157 homes for sale in June 2024, a 8.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 29 | 32 | +10.3% |
2 Bedrooms | 481 | 491 | +2.1% |
3 Bedrooms | 1,002 | 1,112 | +11.0% |
4 Bedrooms | 415 | 438 | +5.5% |
5+ Bedrooms | 63 | 84 | +33.3% |
Summary: The Macomb County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
639 | 573 | -10.3% |
Asking Price vs. Sold Price
180 Homes Were Sold
Under Asking
84 Homes Were Sold
At Asking
309 Homes Were Sold
Over Asking
Summary: A total of 573 homes were sold or pending in Macomb County in June 2024, down by 10.3% month-over-month. Of the 573 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
26 Days | 20 Days | -20.5% |
Summary: Homes in Macomb County had an average of 20 days on market in Jun 2024, down by 20.5% compared to last year.
Breakdown of Home Sale Times
489 Homes Were Sold
Under 30 Days
57 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During June 2024, 573 homes were sold in Macomb County; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.