Is Montague, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Montague has remained a Seller's Market.
Housing Prices in Montague, MI
How much do homes in Montague, MI cost?
Median Sold Price
$248,500
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Montague was $248,500 in March 2024, up 8% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $50K | -23.1% |
2 Bedrooms | $192.9K | $172.2K | -10.7% |
3 Bedrooms | $222.5K | $256.7K | +15.4% |
4 Bedrooms | $246.9K | $299.5K | +21.3% |
5+ Bedrooms | $333K | $369.9K | +11.1% |
Summary: Montague housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
Whitehall | $236.2K | $299.9K | +26.9% |
Montague Township | $229.5K | $248.5K | +8.3% |
Montague | $230K | $248.5K | +8.0% |
Housing Supply in Montague, MI
How many homes are available in Montague, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 27 | -10.0% |
Summary: The Montague real estate market had 27 homes for sale in March 2024, a 10.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Montague 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 decreased by 25%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Montague in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Montague, MI
How long does it take to sell a home in Montague, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
8 Days | 2 Days | -75.0% |
Summary: Homes in Montague had an average of 2 days on market in Mar 2024, down by 75% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Montague; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.