Is Marine City, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Marine City has remained a Seller's Market.
Housing Prices in Marine City, MI
How much do homes in Marine City, MI cost?
Median Sold Price
$130,000
$81/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Marine City was $130,000 in April 2024, down 19.3% from last month, and the median price per square foot was $81.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $152K | - | N/A |
3 Bedrooms | $170K | $152.5K | -10.3% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | $130K | N/A |
Summary: Marine City housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 10.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
China Township | $215K | $435K | +102.3% |
East China Township | $198K | $288K | +45.5% |
Marine City | $161K | $130K | -19.3% |
Housing Supply in Marine City, MI
How many homes are available in Marine City, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Summary: The Marine City real estate market had 13 homes for sale in April 2024, a 62.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 4 | +300.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Marine City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Marine City in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Marine City, MI
How long does it take to sell a home in Marine City, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
119 Days | 73 Days | -38.8% |
Summary: Homes in Marine City had an average of 73 days on market in Apr 2024, down by 38.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Marine City; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.