Is Mattawan, 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, Mattawan has remained a Seller's Market.
Housing Prices in Mattawan, MI
How much do homes in Mattawan, MI cost?
Median Sold Price
$350,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mattawan was $350,000 in May 2024, up 7.7% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $97K | $225K | +132.0% |
3 Bedrooms | $266.9K | $289.9K | +8.6% |
4 Bedrooms | $356.2K | $360.5K | +1.2% |
5+ Bedrooms | $575K | $661K | +15.0% |
Summary: Mattawan 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 132%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
Mattawan | $325K | $350K | +7.7% |
Texas Charter Township | $457K | $476.5K | +4.3% |
Antwerp Township | $287K | $295K | +2.8% |
Housing Supply in Mattawan, MI
How many homes are available in Mattawan, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 35 | +16.7% |
Summary: The Mattawan real estate market had 35 homes for sale in May 2024, a 16.7% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 5 | +150.0% |
4 Bedrooms | 19 | 23 | +21.1% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Mattawan 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 150%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 13 | +116.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Mattawan in May 2024, up by 116.7% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for Mattawan, MI
How long does it take to sell a home in Mattawan, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 108 Days | +116.8% |
Summary: Homes in Mattawan had an average of 108 days on market in May 2024, up by 116.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Mattawan; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.