Is Montcalm 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, Montcalm County has remained a Seller's Market.
Key Takeaway
Montcalm County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montcalm County, MI
How much do homes in Montcalm County, MI cost?
Median Sold Price
$227,300
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Montcalm County have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Montcalm County was $227,300 in April 2024, up 8.2% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152.5K | $130K | -14.8% |
| 2 Bedrooms | $162.5K | $180K | +10.8% |
| 3 Bedrooms | $210.3K | $225K | +7.0% |
| 4 Bedrooms | $239K | $250K | +4.6% |
| 5+ Bedrooms | $306K | $300K | -2.0% |
Summary: Montcalm County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.8%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Counties
| Ionia County | $195K | $220.2K | +12.9% |
| Montcalm County | $210K | $227.3K | +8.2% |
| Kent County | $295.9K | $320.2K | +8.2% |
| Mecosta County | $199.5K | $205.2K | +2.8% |
| Gratiot County | $162K | $160K | -1.2% |
Housing Supply in Montcalm County, MI
How many homes are available in Montcalm County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 173 | 195 | +12.7% |
Summary: The Montcalm County real estate market had 195 homes for sale in April 2024, a 12.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 4 | -50.0% |
| 2 Bedrooms | 31 | 45 | +45.2% |
| 3 Bedrooms | 85 | 94 | +10.6% |
| 4 Bedrooms | 39 | 38 | -2.6% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Montcalm County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 45.2%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 60 | +57.9% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montcalm County, you may be able to get a good deal. 37.3% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in Montcalm County in April 2024, up by 57.9% month-over-month. Of the 59 sold homes, 37% were sold under asking, 25% were sold at asking, and 37% were sold over asking.
Days on Market for Montcalm County, MI
How long does it take to sell a home in Montcalm County, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 25 Days | +86.3% |
Summary: Homes in Montcalm County had an average of 25 days on market in Apr 2024, up by 86.3% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montcalm County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 60 homes were sold in Montcalm County; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
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.