Is Mulliken, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mulliken is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Mulliken has remained a Seller's Market.

Key Takeaway

Mulliken is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mulliken, MI

How much do homes in Mulliken, MI cost?

Median Sold Price

$326,500

$141/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$100,500(+44.5%)

Key Takeaway

Homes in Mulliken have sold for 44.5% more than they did a month ago.

Summary: The median home sold price in Mulliken was $326,500 in April 2024, up 44.5% from last month, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 -$174K
N/A
4 $226K$353.2K
+56.3%
5+ --
N/A

Summary: Mulliken housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 56.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mulliken
+44.5%
Roxand Township
-37.8%

Housing Supply in Mulliken, MI

How many homes are available in Mulliken, MI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
48+100.0%

Summary: The Mulliken real estate market had 8 homes for sale in April 2024, a 100.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 14
+300.0%
4 34
+33.3%
5+ 00
0.0%

Summary: The Mulliken 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 remained the same, 3 bedroom homes increased by 300%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mulliken, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Mulliken in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Mulliken, MI

How long does it take to sell a home in Mulliken, MI?

Average Sale Time

Mar 2024Apr 2024CHANGE
17 Days8 Days-49.0%

Summary: Homes in Mulliken had an average of 8 days on market in Apr 2024, down by 49% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mulliken are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in Mulliken; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Mulliken, MI

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