Is Millersburg, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Millersburg is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Millersburg was a Neutral Market.

Key Takeaway

Millersburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Millersburg, MI

How much do homes in Millersburg, MI cost?

Median Sold Price

$97,500

$87/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$4,800(-4.7%)

Key Takeaway

Homes in Millersburg have sold for 4.7% less than they did a month ago.

Summary: The median home sold price in Millersburg was $97,500 in February 2024, down 4.7% from last month, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $102.3K$97.5K
-4.7%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Millersburg housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Millersburg
-4.7%
Case Township
-80.4%

Housing Supply in Millersburg, MI

How many homes are available in Millersburg, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
78+14.3%

Summary: The Millersburg real estate market had 8 homes for sale in February 2024, a 14.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 44
0.0%
3 11
0.0%
4 01
+100.0%
5+ 22
0.0%

Summary: The Millersburg housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Millersburg, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Millersburg in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Millersburg, MI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Millersburg, MI

Nearby Markets to Millersburg, MI

What housing markets are near Millersburg, MI?