Is Marlette Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Marlette Township has remained a Seller's Market.
Housing Prices in Marlette Township, MI
How much do homes in Marlette Township, MI cost?
Median Sold Price
$165,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marlette Township was $165,000 in April 2024, down 7.3% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $185K | N/A |
2 Bedrooms | $146.2K | $139K | -5.0% |
3 Bedrooms | $185K | $160K | -13.5% |
4 Bedrooms | $145K | $210K | +44.8% |
5+ Bedrooms | $190K | $155K | -18.4% |
Summary: Marlette Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes increased by 44.8%, and 5+ bedroom homes decreased by 18.4%.
Median Sold Price Compared To Nearby Cities
Marlette | $150K | $164K | +9.3% |
Marlette Township | $178K | $165K | -7.3% |
Flynn Township | $205K | $169.2K | -17.4% |
Housing Supply in Marlette Township, MI
How many homes are available in Marlette Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Summary: The Marlette Township real estate market had 12 homes for sale in April 2024, a 9.1% 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 | 1 | 0.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Marlette Township 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Marlette Township in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Marlette Township, MI
How long does it take to sell a home in Marlette Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
146 Days | 63 Days | -56.3% |
Summary: Homes in Marlette Township had an average of 63 days on market in Apr 2024, down by 56.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Marlette Township; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.