Is Mattawan, 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, Mattawan has remained a Seller's Market.
Key Takeaway
Mattawan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mattawan, MI
How much do homes in Mattawan, MI cost?
Median Sold Price
$350,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mattawan have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Mattawan was $350,000 in March 2024, up 10.4% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $93.5K | $225K | +140.6% |
| 3 Bedrooms | $266.5K | $295K | +10.7% |
| 4 Bedrooms | $344.9K | $358.6K | +4.0% |
| 5+ Bedrooms | $520K | $672.5K | +29.3% |
Summary: Mattawan 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 140.6%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 29.3%.
Median Sold Price Compared To Nearby Cities
| Mattawan | $317K | $350K | +10.4% |
| Texas Charter Township | $449K | $458.5K | +2.1% |
| Antwerp Township | $290K | $295K | +1.7% |
Housing Supply in Mattawan, MI
How many homes are available in Mattawan, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 33 | +6.5% |
Summary: The Mattawan real estate market had 33 homes for sale in March 2024, a 6.5% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Mattawan 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 33.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mattawan, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Mattawan in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Mattawan, MI
How long does it take to sell a home in Mattawan, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 38 Days | +45.4% |
Summary: Homes in Mattawan had an average of 38 days on market in Mar 2024, up by 45.4% compared to last year.
Breakdown of Home Sale Times
5 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 Mattawan are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Mattawan; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
