Is Montcalm County, 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, Montcalm County has remained a Seller's Market.
Housing Prices in Montcalm County, MI
How much do homes in Montcalm County, MI cost?
Median Sold Price
$230,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Montcalm County was $230,000 in March 2024, up 12% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $119K | -23.2% |
2 Bedrooms | $155K | $181.5K | +17.1% |
3 Bedrooms | $207K | $229K | +10.6% |
4 Bedrooms | $234.5K | $250K | +6.6% |
5+ Bedrooms | $310K | $297K | -4.2% |
Summary: Montcalm County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.2%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Counties
Ionia County | $195K | $219K | +12.3% |
Montcalm County | $205.3K | $230K | +12.0% |
Kent County | $296.3K | $319.8K | +7.9% |
Mecosta County | $198.8K | $206K | +3.6% |
Gratiot County | $162.5K | $160K | -1.5% |
Housing Supply in Montcalm County, MI
How many homes are available in Montcalm County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
144 | 171 | +18.8% |
Summary: The Montcalm County real estate market had 171 homes for sale in March 2024, a 18.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 29 | 31 | +6.9% |
3 Bedrooms | 75 | 83 | +10.7% |
4 Bedrooms | 26 | 40 | +53.8% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Montcalm 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 6.9%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 53.8%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 35 | +9.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Montcalm County in March 2024, up by 9.4% month-over-month. Of the 35 sold homes, 46% were sold under asking, 14% were sold at asking, and 40% were sold over asking.
Days on Market for Montcalm County, MI
How long does it take to sell a home in Montcalm County, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 30 Days | -50.7% |
Summary: Homes in Montcalm County had an average of 30 days on market in Mar 2024, down by 50.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 35 homes were sold in Montcalm County; 57% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.