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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montcalm County is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Montcalm County, MI cost?

Median Sold Price

$199,902

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$19,922(+11.1%)

Key Takeaway

Homes in Montcalm County have sold for 11.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $123.5K$152.5K
+23.5%
2 $149.2K$151K
+1.2%
3 $176.4K$195.1K
+10.6%
4 $208.5K$234K
+12.2%
5+ $279.9K$270K
-3.5%

Median Sold Price Compared To Nearby Counties

Gratiot County
+14.6%
Kent County
+11.7%
Montcalm County
+11.1%
Mecosta County
+10.9%
Ionia County
+8.7%

How many homes are available in Montcalm County, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
316299-5.4%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 65
-16.7%
2 6469
+7.8%
3 147135
-8.2%
4 6668
+3.0%
5+ 3322
-33.3%

Number of Homes Sold

Aug 2022Sep 2022%
10079-21.0%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montcalm County, you may be able to get a good deal. 46.8% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
46 Days40 Days-13.7%

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 Montcalm 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 Montcalm County, MI

Montcalm County, MI has 299 homes for sale to choose from. In September 2022 in Montcalm County, MI there were 5.4% less homes for sale than in August 2022. In September 2022 median list price was $199,902 and the average listing age was 40 days. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties went up by 23.5%, 2 bedrooms properties prices increased by 1.2%, 3 bedrooms properties became 10.6% more expensive, 4 bedrooms properties prices increased by 12.2%, prices of 5 bedrooms properties went down by 3.5%. This housing market inventory have changed: 1 bedroom homes became 16.7% less available, volume of 2 bedrooms homes went up by 7.8%, the quantity of 3 bedrooms homes went down by 8.2%, 4 bedrooms homes became 3% more available, 5 bedrooms homes became 33.3% less available. In September 2022 more than 26 listings in Montcalm County, MI were sold above the asking price. During the same period more than 16 listings were sold at asking price, while more than 37 were sold below.

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