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 August 2021

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.

How much do homes in Missaukee County, MI cost?

Median Sold Price

$167,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$2,000(+1.2%)

Key Takeaway

Homes in Missaukee County have sold for 1.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $120K$111.1K
-7.4%
2 $117.2K$127K
+8.3%
3 $167.5K$175.5K
+4.8%
4 $185K$232.5K
+25.7%
5+ $216.9K$219.5K
+1.2%

Median Sold Price Compared To Nearby Counties

Osceola County
+19.2%
Clare County
+10.6%
Roscommon County
+9.8%
Wexford County
+3.9%
Missaukee County
+1.2%

How many homes are available in Missaukee County, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
5765+14.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 23
+50.0%
2 1518
+20.0%
3 3033
+10.0%
4 69
+50.0%
5+ 42
-50.0%

Number of Homes Sold

Jul 2022Aug 2022%
1218+50.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Missaukee County, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
84 Days48 Days-41.8%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 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.

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

About Missaukee County, MI

Missaukee County, MI has 65 homes for sale to choose from. Between July 2022 and August 2022, Missaukee County, MI real estate market has seen increase in the number of listings by 14%. The median list price of listings available in August 2022 was $167,000, while the average time on the real estate market was 48 days. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties decreased by 7.4%, 2 bedrooms properties prices increased by 8.3%, the cost of 3 bedrooms properties went up by 4.8%, prices of 4 bedrooms properties went up by 25.7%, the cost of 5 bedrooms properties went up by 1.2%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went up by 50%, volume of 2 bedrooms homes went up by 20%, 3 bedrooms homes became 10% more available, volume of 4 bedrooms homes went up by 50%, the quantity of 5 bedrooms homes went down by 50%. Missaukee County, MI housing market in August 2022 saw over 7 listings sold above listed price, more than 4 sold at listed price and over 7 sold below.

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