Is Nunica, 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, Nunica has remained a Seller's Market.
Key Takeaway
Nunica is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nunica, MI
How much do homes in Nunica, MI cost?
Median Sold Price
$377,500
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Nunica have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Nunica was $377,500 in March 2024, up 6.3% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $430K | +230.8% |
| 2 Bedrooms | $349.9K | $365K | +4.3% |
| 3 Bedrooms | $270K | $258.5K | -4.3% |
| 4 Bedrooms | $420K | $394.9K | -6.0% |
| 5+ Bedrooms | $417.5K | $455K | +9.0% |
Summary: Nunica housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 230.8%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| Sullivan Township | $247.5K | $266.5K | +7.7% |
| Crockery Township | $355K | $380K | +7.0% |
| Nunica | $355K | $377.5K | +6.3% |
| Spring Lake Township | $380K | $400K | +5.3% |
Housing Supply in Nunica, MI
How many homes are available in Nunica, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Summary: The Nunica real estate market had 14 homes for sale in March 2024, a 16.7% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Nunica 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nunica, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Nunica in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Nunica, MI
How long does it take to sell a home in Nunica, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 63 Days | 2 Days | -96.8% |
Summary: Homes in Nunica had an average of 2 days on market in Mar 2024, down by 96.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nunica are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Nunica; 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.
