Is Smiths Creek, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Smiths Creek is a seller's market

Buyer's
Market

Difference Since July 2021

Since last year, Smiths Creek has remained a Seller's Market.

Key Takeaway

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

How much do homes in Smiths Creek, MI cost?

Median Sold Price

$199,500

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$1,500(+0.8%)

Key Takeaway

Homes in Smiths Creek have sold for 0.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 --
N/A
2 $114.9K$147.5K
+28.4%
3 $196K$189.9K
-3.1%
4 $208K$275K
+32.2%
5+ $312.5K$332K
+6.2%

Median Sold Price Compared To Nearby Cities

North Street
+19.7%
Marysville
+8.8%
Smiths Creek
+0.8%
Kimball Township
+0.8%
Port Huron Charter Township
-0.3%

How many homes are available in Smiths Creek, MI?

Number of Homes For Sale

Jun 2022Jul 2022%
3937-5.1%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 10
-100.0%
2 910
+11.1%
3 2420
-16.7%
4 56
+20.0%
5+ 01
+100.0%

Number of Homes Sold

Jun 2022Jul 2022%
1210-16.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smiths Creek, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
15 Days5 Days-65.4%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Smiths Creek 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 Smiths Creek, MI

Smiths Creek, MI has 37 homes on the market. In July 2022 in Smiths Creek, MI there were 5.1% less homes for sale than in June 2022. While the average time on the market in July 2022 was 5 days, the median list price was $199,500. This housing market listing prices have changed between June 2022 and July 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 28.4% more expensive, prices of 3 bedrooms properties went down by 3.1%, 4 bedrooms properties became 32.2% more expensive, the cost of 5 bedrooms properties went up by 6.2%. Volume of homes for sale changed: 1 bedroom homes became 100% less available, the quantity of 2 bedrooms homes went up by 11.1%, 3 bedrooms homes became 16.7% less available, 4 bedrooms homes became 20% more available, volume of 5 bedrooms homes went up by 100%. Over 5 listings were sold over their listed price in July 2022 in Smiths Creek, MI. In the same period over 1 listings were sold below the listed price and 4 listings were sold for the listed price.

Related Housing Market Reports