Is Tuscola County, 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, Tuscola County has remained a Seller's Market.
Key Takeaway
Tuscola County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tuscola County, MI
How much do homes in Tuscola County, MI cost?
Median Sold Price
$165,200
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Tuscola County has remained the same since last year.
Summary: The median home sold price in Tuscola County was $165,200 in March 2024, up 0.1% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77K | $99.9K | +29.7% |
| 2 Bedrooms | $117.7K | $139.9K | +18.8% |
| 3 Bedrooms | $170K | $170K | 0.0% |
| 4 Bedrooms | $200K | $220K | +10.0% |
| 5+ Bedrooms | $182.4K | $223.5K | +22.5% |
Summary: Tuscola County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.7%, 2 bedroom homes increased by 18.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Counties
| Lapeer County | $253.1K | $265K | +4.7% |
| Sanilac County | $170K | $175K | +2.9% |
| Genesee County | $189.5K | $195.1K | +2.9% |
| Tuscola County | $165K | $165.2K | 0.1% |
Housing Supply in Tuscola County, MI
How many homes are available in Tuscola County, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 77 | 89 | +15.6% |
Summary: The Tuscola County real estate market had 89 homes for sale in March 2024, a 15.6% 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 | 13 | 18 | +38.5% |
| 3 Bedrooms | 49 | 53 | +8.2% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Tuscola County 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 38.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tuscola County, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Tuscola County in March 2024, up by 29.4% month-over-month. Of the 22 sold homes, 59% were sold under asking, 18% were sold at asking, and 23% were sold over asking.
Days on Market for Tuscola County, MI
How long does it take to sell a home in Tuscola County, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 93 Days | 47 Days | -49.3% |
Summary: Homes in Tuscola County had an average of 47 days on market in Mar 2024, down by 49.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tuscola County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in Tuscola County; 50% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.