Is Mio, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Mio was a Seller's Market.
Housing Prices in Mio, MI
How much do homes in Mio, MI cost?
Median Sold Price
$100,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Mio was $100,000 in February 2024, down 13% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.9K | $74.5K | +13.0% |
2 Bedrooms | $80K | $90.4K | +13.0% |
3 Bedrooms | $120K | $145.2K | +21.0% |
4 Bedrooms | $217.5K | $152.4K | -29.9% |
5+ Bedrooms | $215K | - | N/A |
Summary: Mio housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 21%, 4 bedroom homes decreased by 29.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Comins Township | $134.9K | $151.2K | +12.1% |
Mio | $115K | $100K | -13.0% |
Big Creek Township | $100K | $85K | -15.0% |
Housing Supply in Mio, MI
How many homes are available in Mio, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
18 | 22 | +22.2% |
Summary: The Mio real estate market had 22 homes for sale in February 2024, a 22.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mio housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Mio in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mio, MI
We’re sorry, we don't have information for this market at the moment