Is Mears, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mears was a Buyer's Market.
Key Takeaway
Mears is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mears, MI
How much do homes in Mears, MI cost?
Median Sold Price
$390,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mears have sold for 25.8% more than they did a year ago.
Summary: The median home sold price in Mears was $390,000 in March 2024, up 25.8% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365K | $85K | -76.7% |
| 2 Bedrooms | $213.7K | $179K | -16.2% |
| 3 Bedrooms | $324K | $375K | +15.7% |
| 4 Bedrooms | $355K | $535K | +50.7% |
| 5+ Bedrooms | $870K | $590K | -32.2% |
Summary: Mears housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 76.7%, 2 bedroom homes decreased by 16.2%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 50.7%, and 5+ bedroom homes decreased by 32.2%.
Median Sold Price Compared To Nearby Cities
| Hart | $147.5K | $207.5K | +40.7% |
| Mears | $310K | $390K | +25.8% |
| Golden Township | $310K | $384.9K | +24.2% |
| Hart Township | $229.9K | $207.5K | -9.8% |
Housing Supply in Mears, MI
How many homes are available in Mears, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Mears real estate market had 10 homes for sale in March 2024, a 9.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mears 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 decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mears, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Mears in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Mears, MI
How long does it take to sell a home in Mears, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mears are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Mears; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
