Is Tuscola 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, Tuscola County has remained a Seller's Market.
Key Takeaway
Tuscola County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tuscola County, MI
How much do homes in Tuscola County, MI cost?
Median Sold Price
$165,100
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Tuscola County has remained the same since last year.
Summary: The median home sold price in Tuscola County was $165,100 in April 2024, up 0.1% 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 | $60.5K | $99.9K | +65.1% |
| 2 Bedrooms | $120K | $138.5K | +15.4% |
| 3 Bedrooms | $169.9K | $171K | +0.6% |
| 4 Bedrooms | $207K | $231K | +11.6% |
| 5+ Bedrooms | $179.9K | $227K | +26.2% |
Summary: Tuscola County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.1%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 26.2%.
Median Sold Price Compared To Nearby Counties
| Lapeer County | $254.8K | $269.9K | +5.9% |
| Sanilac County | $170.5K | $180K | +5.6% |
| Huron County | $169K | $177.5K | +5.0% |
| Genesee County | $189.5K | $196.9K | +3.9% |
| Tuscola County | $165K | $165.1K | 0.1% |
Housing Supply in Tuscola County, MI
How many homes are available in Tuscola County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 91 | 110 | +20.9% |
Summary: The Tuscola County real estate market had 110 homes for sale in April 2024, a 20.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 16 | 12 | -25.0% |
| 3 Bedrooms | 58 | 69 | +19.0% |
| 4 Bedrooms | 14 | 22 | +57.1% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Tuscola County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tuscola County, you may be able to get a good deal. 70.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Tuscola County in April 2024, up by 4.3% month-over-month. Of the 24 sold homes, 71% were sold under asking, 13% were sold at asking, and 17% were sold over asking.
Days on Market for Tuscola County, MI
How long does it take to sell a home in Tuscola County, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 115 Days | 55 Days | -52.5% |
Summary: Homes in Tuscola County had an average of 55 days on market in Apr 2024, down by 52.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tuscola County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in Tuscola County; 54% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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.