Is Missaukee 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, Missaukee County has remained a Seller's Market.
Key Takeaway
Missaukee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Missaukee County, MI
How much do homes in Missaukee County, MI cost?
Median Sold Price
$215,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Missaukee County have sold for 17% more than they did a year ago.
Summary: The median home sold price in Missaukee County was $215,000 in April 2024, up 17% from 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 | $165K | $204K | +23.6% |
| 2 Bedrooms | $145.5K | $158.4K | +8.9% |
| 3 Bedrooms | $200K | $222.5K | +11.3% |
| 4 Bedrooms | $241K | $240K | -0.4% |
| 5+ Bedrooms | $161K | $225K | +39.8% |
Summary: Missaukee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.6%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 39.8%.
Median Sold Price Compared To Nearby Counties
| Wexford County | $168.9K | $216.8K | +28.4% |
| Missaukee County | $183.7K | $215K | +17.0% |
| Osceola County | $155K | $167.9K | +8.3% |
| Clare County | $128K | $133K | +3.9% |
| Roscommon County | $169.9K | $174.8K | +2.9% |
Housing Supply in Missaukee County, MI
How many homes are available in Missaukee County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 40 | +21.2% |
Summary: The Missaukee County real estate market had 40 homes for sale in April 2024, a 21.2% 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 | 4 | 9 | +125.0% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Missaukee 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 125%, 3 bedroom homes increased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Missaukee County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Missaukee County in April 2024, down by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Missaukee County, MI
How long does it take to sell a home in Missaukee County, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 73 Days | +23.5% |
Summary: Homes in Missaukee County had an average of 73 days on market in Apr 2024, up by 23.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Missaukee County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Missaukee County; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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