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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montmorency County is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Montmorency County, MI cost?

Median Sold Price

$150,000

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$10,100(+7.2%)

Key Takeaway

Homes in Montmorency County have sold for 7.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $70K$106K
+51.5%
2 $93.7K$124K
+32.3%
3 $156K$197K
+26.3%
4 $255K$240K
-5.9%
5+ $269.9K$210K
-22.2%

Median Sold Price Compared To Nearby Counties

Oscoda County
+33.7%
Otsego County
+23.9%
Presque Isle County
+11.7%
Montmorency County
+7.2%
Crawford County
+7.0%

How many homes are available in Montmorency County, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
127124-2.4%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 98
-11.1%
2 4846
-4.2%
3 4644
-4.3%
4 1720
+17.6%
5+ 76
-14.3%

Number of Homes Sold

Aug 2022Sep 2022%
2928-3.4%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montmorency County, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
36 Days48 Days+34.7%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Montmorency 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 Montmorency County, MI

There are 124 homes are for sale in Montmorency County, MI real estate market. The inventory of homes for sale in Montmorency County, MI between August 2022 and September 2022 decreased by 2.4%. Listings spent 48 days on the market in September 2022, and had a median list price of $150,000 during the same period. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 51.5%, the cost of 2 bedrooms properties went up by 32.3%, the cost of 3 bedrooms properties went up by 26.3%, 4 bedrooms properties became 5.9% more cheaper, prices of 5 bedrooms properties went down by 22.2%. Volume of homes for sale changed: 1 bedroom homes inventory decreased by 11.1%, number of 2 bedrooms homes decreased by 4.2%, number of 3 bedrooms homes decreased by 4.3%, the quantity of 4 bedrooms homes went up by 17.6%, volume of 5 bedrooms homes went down by 14.3%. In September 2022 more than 2 listings in Montmorency County, MI were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 17 were sold below.

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