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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mio is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Mio was a Seller's Market.

Key Takeaway

Mio is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$15,000(-13.0%)

Key Takeaway

Homes in Mio have sold for 13% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $65.9K$74.5K
+13.0%
2 $80K$90.4K
+13.0%
3 $120K$145.2K
+21.0%
4 $217.5K$152.4K
-29.9%
5+ $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
+12.1%
Mio
-13.0%
Big Creek Township
-15.0%

Housing Supply in Mio, MI

How many homes are available in Mio, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1822+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

# BEDSJan 2024Feb 2024CHANGE
1 21
-50.0%
2 57
+40.0%
3 1012
+20.0%
4 12
+100.0%
5+ 00
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 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

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

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

Report Updated 27 Days Ago

Newest Listings in Mio, MI

Nearby Markets to Mio, MI

What housing markets are near Mio, MI?