Is Prudenville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Prudenville was a Seller's Market.
Key Takeaway
Prudenville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Prudenville, MI
How much do homes in Prudenville, MI cost?
Median Sold Price
$200,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Prudenville have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in Prudenville was $200,000 in March 2024, up 17.7% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $152K | +28.8% |
| 2 Bedrooms | $144.5K | $144.8K | 0.2% |
| 3 Bedrooms | $181.7K | $234.5K | +29.0% |
| 4 Bedrooms | $233K | $260K | +11.6% |
| 5+ Bedrooms | $674.9K | $132.5K | -80.4% |
Summary: Prudenville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.8%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 29%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 80.4%.
Median Sold Price Compared To Nearby Cities
| Denton Township | $169.9K | $224K | +31.8% |
| Prudenville | $169.9K | $200K | +17.7% |
| Roscommon Township | $169.2K | $180K | +6.4% |
| Houghton Lake | $181.4K | $178K | -1.9% |
Housing Supply in Prudenville, MI
How many homes are available in Prudenville, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 50 | +25.0% |
Summary: The Prudenville real estate market had 50 homes for sale in March 2024, a 25.0% 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 | 12 | 19 | +58.3% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Prudenville 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 58.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prudenville, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Prudenville in March 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Prudenville, MI
How long does it take to sell a home in Prudenville, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Prudenville has remained consistent over time.
Summary: During March 2024, 8 homes were sold in Prudenville; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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