Is Missaukee County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Missaukee County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Missaukee County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Missaukee County, MI

How much do homes in Missaukee County, MI cost?

Median Sold Price

$215,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$31,250(+17.0%)

Key Takeaway

Homes in Missaukee County have sold for 17% more than they did a year ago.

Summary: The median home sold price in Missaukee County was $215,000 in March 2024, up 17% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $165K$204K
+23.6%
2 $146K$152K
+4.1%
3 $200K$225K
+12.5%
4 $211.7K$259.9K
+22.8%
5+ $149.9K$161K
+7.4%

Summary: Missaukee County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.6%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes increased by 7.4%.

Median Sold Price Compared To Nearby Counties

Wexford County
+26.8%
Missaukee County
+17.0%
Osceola County
+6.8%
Roscommon County
+2.4%
Clare County
0.0%

Housing Supply in Missaukee County, MI

How many homes are available in Missaukee County, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2733+22.2%

Summary: The Missaukee County real estate market had 33 homes for sale in March 2024, a 22.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 1820
+11.1%
4 66
0.0%
5+ 13
+200.0%

Summary: The Missaukee County 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 increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
611+83.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Missaukee County, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Missaukee County in March 2024, up by 83.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.

Days on Market for Missaukee County, MI

How long does it take to sell a home in Missaukee County, MI?

Average Sale Time

Mar 2023Mar 2024CHANGE
59 Days57 Days-2.9%

Summary: Homes in Missaukee County had an average of 57 days on market in Mar 2024, down by 2.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Missaukee County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 11 homes were sold in Missaukee County; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

Newest Listings in Missaukee County, MI

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