Is Luna Pier, 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, Luna Pier was a Neutral Market.
Key Takeaway
Luna Pier is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Luna Pier, MI
How much do homes in Luna Pier, MI cost?
Median Sold Price
$162,500
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Luna Pier have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Luna Pier was $162,500 in April 2024, up 4.8% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $149.9K | $162.5K | +8.4% |
| 3 Bedrooms | $185K | $220K | +18.9% |
| 4 Bedrooms | $275K | $168K | -38.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Luna Pier housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 18.9%, 4 bedroom homes decreased by 38.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| La Salle | $183.7K | $256K | +39.3% |
| La Salle Township | $223.5K | $259K | +15.9% |
| Luna Pier | $155K | $162.5K | +4.8% |
| Erie Township | $190K | $188.5K | -0.8% |
Housing Supply in Luna Pier, MI
How many homes are available in Luna Pier, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Luna Pier real estate market had 5 homes for sale in April 2024, a 16.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Luna Pier 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 decreased by 66.7%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Luna Pier, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Luna Pier in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Luna Pier, MI
How long does it take to sell a home in Luna Pier, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Luna Pier are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Luna Pier; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
