Is Markey Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Markey Township was a Seller's Market.
Housing Prices in Markey Township, MI
How much do homes in Markey Township, MI cost?
Median Sold Price
$169,950
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Markey Township was $169,950 in March 2024, up 1.5% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $71K | - | N/A |
2 Bedrooms | $141.7K | $160K | +12.9% |
3 Bedrooms | $182K | $173.7K | -4.5% |
4 Bedrooms | $275K | $224.5K | -18.4% |
5+ Bedrooms | $80K | $875K | +993.8% |
Summary: Markey Township 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 increased by 12.9%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes increased by 993.8%.
Median Sold Price Compared To Nearby Cities
Gerrish Township | $192.5K | $255K | +32.5% |
Markey Township | $167.5K | $169.9K | +1.5% |
Houghton Lake | $181.4K | $178K | -1.9% |
Lake Township | $195K | $149.9K | -23.1% |
Housing Supply in Markey Township, MI
How many homes are available in Markey Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 23 | +35.3% |
Summary: The Markey Township real estate market had 23 homes for sale in March 2024, a 35.3% 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 | 5 | 5 | 0.0% |
3 Bedrooms | 8 | 13 | +62.5% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Markey Township 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 remained the same, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Markey Township in March 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Markey Township, MI
We’re sorry, we don't have information for this market at the moment