Is Scottville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Scottville was a Seller's Market.
Key Takeaway
Scottville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Scottville, MI
How much do homes in Scottville, MI cost?
Median Sold Price
$185,300
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Scottville have sold for 43.1% more than they did a year ago.
Summary: The median home sold price in Scottville was $185,300 in April 2024, up 43.1% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $106.4K | $194.9K | +83.1% |
| 3 Bedrooms | $112.4K | $157.5K | +40.1% |
| 4 Bedrooms | $225K | $198.7K | -11.7% |
| 5+ Bedrooms | $136K | $219K | +61.0% |
Summary: Scottville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 83.1%, 3 bedroom homes increased by 40.1%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes increased by 61%.
Median Sold Price Compared To Nearby Cities
| Scottville | $129.5K | $185.3K | +43.1% |
| Amber Township | $284.2K | $307.5K | +8.2% |
Housing Supply in Scottville, MI
How many homes are available in Scottville, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Scottville real estate market had 14 homes for sale in April 2024, a 6.7% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Scottville 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 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scottville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Scottville in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Scottville, MI
How long does it take to sell a home in Scottville, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 260 Days | +1952.6% |
Summary: Homes in Scottville had an average of 260 days on market in Apr 2024, up by 1952.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Scottville are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 1 homes were sold in Scottville; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
