Is Marshall, 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, Marshall has remained a Seller's Market.
Key Takeaway
Marshall is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marshall, MI
How much do homes in Marshall, MI cost?
Median Sold Price
$225,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Marshall have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Marshall was $225,000 in March 2024, up 12.5% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $55K | -72.5% |
| 2 Bedrooms | $159.9K | $172.5K | +7.8% |
| 3 Bedrooms | $180K | $210K | +16.7% |
| 4 Bedrooms | $280K | $309.9K | +10.7% |
| 5+ Bedrooms | $300K | $345K | +15.0% |
Summary: Marshall housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 72.5%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
| Marshall | $200K | $225K | +12.5% |
| Marshall Township | $226K | $225K | -0.4% |
Housing Supply in Marshall, MI
How many homes are available in Marshall, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 58 | 0.0% |
Summary: The Marshall real estate market had 58 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Marshall 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 decreased by 8.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Marshall, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Marshall in March 2024, up by 14.3% month-over-month. Of the 16 sold homes, 63% were sold under asking, 31% were sold at asking, and 6% were sold over asking.
Days on Market for Marshall, MI
How long does it take to sell a home in Marshall, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 34 Days | -11.4% |
Summary: Homes in Marshall had an average of 34 days on market in Mar 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Marshall are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Marshall; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.