Is Marsh Field, 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, Marsh Field has remained a Seller's Market.
Housing Prices in Marsh Field, MI
How much do homes in Marsh Field, MI cost?
Median Sold Price
$92,750
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marsh Field was $92,750 in April 2024, down 12.4% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $40K | N/A |
2 Bedrooms | $85K | $72.2K | -15.0% |
3 Bedrooms | $123.9K | $114K | -8.0% |
4 Bedrooms | $90K | $117.7K | +30.8% |
5+ Bedrooms | $151.7K | $185K | +21.9% |
Summary: Marsh Field 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 15%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 21.9%.
Median Sold Price Compared To Nearby Neighborhoods
Nelson | $158K | $190K | +20.3% |
Angell | $110K | $121.1K | +10.1% |
McLaughlin | $122K | $133.4K | +9.4% |
Oakview | $119.9K | $128.5K | +7.2% |
Marsh Field | $105.9K | $92.7K | -12.4% |
Housing Supply in Marsh Field, MI
How many homes are available in Marsh Field, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Summary: The Marsh Field real estate market had 15 homes for sale in April 2024, a 11.8% decrease 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 | 7 | 8 | +14.3% |
3 Bedrooms | 7 | 5 | -28.6% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marsh Field 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 14.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Marsh Field in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Marsh Field, MI
How long does it take to sell a home in Marsh Field, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
125 Days | 47 Days | -62.5% |
Summary: Homes in Marsh Field had an average of 47 days on market in Apr 2024, down by 62.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Marsh Field; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.