Is Marcellus Township, 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, Marcellus Township has remained a Seller's Market.
Housing Prices in Marcellus Township, MI
How much do homes in Marcellus Township, MI cost?
Median Sold Price
$180,000
$141/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Marcellus Township was $180,000 in April 2024, the same as last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $170K | -2.9% |
2 Bedrooms | $150K | $169.9K | +13.3% |
3 Bedrooms | $184.9K | $173.5K | -6.2% |
4 Bedrooms | $207K | $210.4K | +1.7% |
5+ Bedrooms | $149.9K | $191K | +27.4% |
Summary: Marcellus Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 27.4%.
Median Sold Price Compared To Nearby Cities
Marcellus | $175K | $180K | +2.9% |
Marcellus Township | $180K | $180K | 0.0% |
Porter Township | $360K | $320K | -11.1% |
Flowerfield Township | $337.5K | $268K | -20.6% |
Housing Supply in Marcellus Township, MI
How many homes are available in Marcellus Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Summary: The Marcellus Township real estate market had 17 homes for sale in April 2024, a 21.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marcellus Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Marcellus Township in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Marcellus Township, MI
How long does it take to sell a home in Marcellus Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 89 Days | +1582.8% |
Summary: Homes in Marcellus Township had an average of 89 days on market in Apr 2024, up by 1582.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Marcellus Township; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.