Is Montmorency 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, Montmorency County has remained a Seller's Market.
Key Takeaway
Montmorency County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montmorency County, MI
How much do homes in Montmorency County, MI cost?
Median Sold Price
$159,450
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Montmorency County have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Montmorency County was $159,450 in April 2024, up 8.3% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106.5K | $94K | -11.7% |
| 2 Bedrooms | $129K | $133K | +3.1% |
| 3 Bedrooms | $175K | $202.4K | +15.7% |
| 4 Bedrooms | $299K | $240K | -19.7% |
| 5+ Bedrooms | $98.5K | $689K | +599.5% |
Summary: Montmorency County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes increased by 599.5%.
Median Sold Price Compared To Nearby Counties
| Alpena County | $142K | $160K | +12.7% |
| Presque Isle County | $169.5K | $189.7K | +11.9% |
| Montmorency County | $147.2K | $159.4K | +8.3% |
| Otsego County | $233.9K | $246.4K | +5.3% |
| Oscoda County | $120K | $112.5K | -6.3% |
Housing Supply in Montmorency County, MI
How many homes are available in Montmorency County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 81 | +37.3% |
Summary: The Montmorency County real estate market had 81 homes for sale in April 2024, a 37.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 12 | 25 | +108.3% |
| 3 Bedrooms | 31 | 37 | +19.4% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Montmorency County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 108.3%, 3 bedroom homes increased by 19.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 15 | +150.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Montmorency County, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Montmorency County in April 2024, up by 150.0% month-over-month. Of the 15 sold homes, 73% were sold under asking, 20% were sold at asking, and 7% were sold over asking.
Days on Market for Montmorency County, MI
We’re sorry, we don't have information for this market at the moment
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The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
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