Is Macomb, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Macomb has remained a Seller's Market.
Key Takeaway
Macomb is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Macomb, MI
How much do homes in Macomb, MI cost?
Median Sold Price
$426,500
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Macomb have sold for 4% more than they did a year ago.
Summary: The median home sold price in Macomb was $426,500 in April 2024, up 4% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $265K | $258K | -2.6% |
| 3 Bedrooms | $380K | $389.9K | +2.6% |
| 4 Bedrooms | $475K | $514.5K | +8.3% |
| 5+ Bedrooms | $537.5K | $530K | -1.4% |
Summary: Macomb 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 decreased by 2.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Macomb Township | $410.1K | $426.8K | +4.1% |
| Macomb | $410K | $426.5K | +4.0% |
| Shelby Charter Township | $334.5K | $339.9K | +1.6% |
| Clinton Township | $229.2K | $230.2K | 0.4% |
| Clinton Charter Township | $230K | $230.5K | 0.2% |
Housing Supply in Macomb, MI
How many homes are available in Macomb, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 164 | 193 | +17.7% |
Summary: The Macomb real estate market had 193 homes for sale in April 2024, a 17.7% increase 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 | 20 | 28 | +40.0% |
| 3 Bedrooms | 63 | 71 | +12.7% |
| 4 Bedrooms | 72 | 87 | +20.8% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Macomb 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 40%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 59 | +43.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macomb, you could pay more than the asking price. 52.5% of homes here sold above asking price last month.
Summary: A total of 59 homes were sold or pending in Macomb in April 2024, up by 43.9% month-over-month. Of the 59 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.
Days on Market for Macomb, MI
How long does it take to sell a home in Macomb, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 244 Days | 20 Days | -91.5% |
Summary: Homes in Macomb had an average of 20 days on market in Apr 2024, down by 91.5% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macomb are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 59 homes were sold in Macomb; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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.