Is Marne, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Marne has remained a Seller's Market.
Key Takeaway
Marne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marne, MI
How much do homes in Marne, MI cost?
Median Sold Price
$331,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Marne have sold for 15.1% less than they did a year ago.
Summary: The median home sold price in Marne was $331,000 in March 2024, down 15.1% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $449.9K | $382.5K | -15.0% |
| 3 Bedrooms | $310K | $293.7K | -5.2% |
| 4 Bedrooms | $490K | $355K | -27.6% |
| 5+ Bedrooms | $910K | $270K | -70.3% |
Summary: Marne 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 decreased by 15%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 27.6%, and 5+ bedroom homes decreased by 70.3%.
Median Sold Price Compared To Nearby Cities
| Tallmadge Charter Township | $352.5K | $412.5K | +17.0% |
| Allendale Charter Township | $361.1K | $374.9K | +3.8% |
| Marne | $389.9K | $331K | -15.1% |
Housing Supply in Marne, MI
How many homes are available in Marne, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Summary: The Marne real estate market had 3 homes for sale in March 2024, a 200.0% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Marne 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Marne, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Marne in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Marne, MI
How long does it take to sell a home in Marne, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 8 Days | 5 Days | -37.5% |
Summary: Homes in Marne had an average of 5 days on market in Mar 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marne are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Marne; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
