Is Macomb County, 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 County has remained a Seller's Market.
Housing Prices in Macomb County, MI
How much do homes in Macomb County, MI cost?
Median Sold Price
$239,996
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Macomb County was $239,996 in April 2024, up 5.9% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $74.5K | $88K | +18.1% |
2 Bedrooms | $169.4K | $175.3K | +3.4% |
3 Bedrooms | $224.9K | $239.1K | +6.3% |
4 Bedrooms | $365K | $384K | +5.2% |
5+ Bedrooms | $375K | $390K | +4.0% |
Summary: Macomb County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Counties
Saint Clair County | $199.5K | $220K | +10.3% |
Macomb County | $226.5K | $239.9K | +5.9% |
Lapeer County | $254.8K | $269.9K | +5.9% |
Oakland County | $322.3K | $334.3K | +3.7% |
Wayne County | $179.7K | $181K | +0.7% |
Housing Supply in Macomb County, MI
How many homes are available in Macomb County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,704 | 2,189 | +28.5% |
Summary: The Macomb County real estate market had 2,189 homes for sale in April 2024, a 28.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 39 | +77.3% |
2 Bedrooms | 381 | 488 | +28.1% |
3 Bedrooms | 902 | 1,128 | +25.1% |
4 Bedrooms | 340 | 462 | +35.9% |
5+ Bedrooms | 59 | 72 | +22.0% |
Summary: The Macomb County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 77.3%, 2 bedroom homes increased by 28.1%, 3 bedroom homes increased by 25.1%, 4 bedroom homes increased by 35.9%, and 5+ bedroom homes increased by 22%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
479 | 656 | +37.0% |
Asking Price vs. Sold Price
239 Homes Were Sold
Under Asking
99 Homes Were Sold
At Asking
318 Homes Were Sold
Over Asking
Summary: A total of 656 homes were sold or pending in Macomb County in April 2024, up by 37.0% month-over-month. Of the 656 sold homes, 36% were sold under asking, 15% were sold at asking, and 48% were sold over asking.
Days on Market for Macomb County, MI
How long does it take to sell a home in Macomb County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
105 Days | 24 Days | -76.6% |
Summary: Homes in Macomb County had an average of 24 days on market in Apr 2024, down by 76.6% compared to last year.
Breakdown of Home Sale Times
513 Homes Were Sold
Under 30 Days
100 Homes Were Sold
In 30 - 90 Days
43 Homes Were Sold
Over 90 Days
Summary: During April 2024, 656 homes were sold in Macomb County; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.