Is Croswell, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Croswell has remained a Seller's Market.
Key Takeaway
Croswell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Croswell, MI
How much do homes in Croswell, MI cost?
Median Sold Price
$150,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Croswell has remained the same since last year.
Summary: The median home sold price in Croswell was $150,000 in May 2024, up 0.3% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $55.5K | $102.5K | +84.8% |
| 3 Bedrooms | $155K | $149K | -3.9% |
| 4 Bedrooms | $170.9K | $169.9K | -0.6% |
| 5+ Bedrooms | $150K | $189.9K | +26.6% |
Summary: Croswell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 84.8%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 26.6%.
Housing Supply in Croswell, MI
How many homes are available in Croswell, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Summary: The Croswell real estate market had 37 homes for sale in May 2024, a 19.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Croswell housing inventory by bedroom type for May 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 25%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Croswell, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Croswell in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Croswell, MI
How long does it take to sell a home in Croswell, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 82 Days | +381.0% |
Summary: Homes in Croswell had an average of 82 days on market in May 2024, up by 381% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Croswell are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Croswell; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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