Is Iosco County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Iosco County was a Neutral Market.
Key Takeaway
Iosco County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Iosco County, MI
How much do homes in Iosco County, MI cost?
Median Sold Price
$169,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Iosco County have sold for 16.6% more than they did a year ago.
Summary: The median home sold price in Iosco County was $169,000 in April 2024, up 16.6% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.7K | $80K | -3.3% |
| 2 Bedrooms | $138K | $158.5K | +14.9% |
| 3 Bedrooms | $145.9K | $170K | +16.5% |
| 4 Bedrooms | $176.5K | $232.5K | +31.7% |
| 5+ Bedrooms | $199.9K | $220K | +10.0% |
Summary: Iosco County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 31.7%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Counties
| Iosco County | $145K | $169K | +16.6% |
| Alcona County | $152.9K | $172K | +12.5% |
| Ogemaw County | $142K | $148.5K | +4.6% |
Housing Supply in Iosco County, MI
How many homes are available in Iosco County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 98 | 127 | +29.6% |
Summary: The Iosco County real estate market had 127 homes for sale in April 2024, a 29.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 28 | 38 | +35.7% |
| 3 Bedrooms | 45 | 58 | +28.9% |
| 4 Bedrooms | 15 | 21 | +40.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Iosco County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 28.9%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 30 | +130.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Iosco County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Iosco County in April 2024, up by 130.8% month-over-month. Of the 30 sold homes, 67% were sold under asking, 23% were sold at asking, and 10% were sold over asking.
Days on Market for Iosco County, MI
How long does it take to sell a home in Iosco County, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 69 Days | +51.7% |
Summary: Homes in Iosco County had an average of 69 days on market in Apr 2024, up by 51.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Iosco County has remained consistent over time.
Summary: During April 2024, 30 homes were sold in Iosco County; 33% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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