Is Stevensville, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stevensville is a neutral's market

Buyer's
Market

Difference Since November 2022

At the same time last year, Stevensville was a Seller's Market.

Key Takeaway

Stevensville 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 Stevensville, MI

How much do homes in Stevensville, MI cost?

Median Sold Price

$301,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

+$26,000(+9.5%)

Key Takeaway

Homes in Stevensville have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Stevensville was $301,000 in November 2023, up 9.5% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $171.1K$368.5K
+115.4%
2 $145K$215K
+48.3%
3 $250K$263.7K
+5.5%
4 $365K$407K
+11.5%
5+ $505K$591K
+17.0%

Summary: Stevensville housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 115.4%, 2 bedroom homes increased by 48.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 17%.

Median Sold Price Compared To Nearby Cities

Stevensville
+9.5%
Lincoln Charter Township
-6.6%

Housing Supply in Stevensville, MI

How many homes are available in Stevensville, MI?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
3833-13.2%

Summary: The Stevensville real estate market had 33 homes for sale in November 2023, a 13.2% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 10
-100.0%
2 10
-100.0%
3 1913
-31.6%
4 1215
+25.0%
5+ 55
0.0%

Summary: The Stevensville housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 31.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
105-50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stevensville, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Stevensville in November 2023, down by 50.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Stevensville, MI

How long does it take to sell a home in Stevensville, MI?

Average Sale Time

Nov 2022Nov 2023CHANGE
77 Days64 Days-16.6%

Summary: Homes in Stevensville had an average of 64 days on market in Nov 2023, down by 16.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Stevensville has remained consistent over time.

Summary: During November 2023, 5 homes were sold in Stevensville; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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