Is Marathon Township, 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, Marathon Township has remained a Buyer's Market.
Key Takeaway
Marathon Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marathon Township, MI
How much do homes in Marathon Township, MI cost?
Median Sold Price
$248,250
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Marathon Township have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in Marathon Township was $248,250 in April 2024, up 21.1% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98K | $211K | +115.3% |
| 2 Bedrooms | $142K | $212K | +49.3% |
| 3 Bedrooms | $229K | $220K | -3.9% |
| 4 Bedrooms | $244.4K | $285K | +16.6% |
| 5+ Bedrooms | $866K | $255K | -70.6% |
Summary: Marathon Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 115.3%, 2 bedroom homes increased by 49.3%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes decreased by 70.6%.
Median Sold Price Compared To Nearby Cities
| Marathon Township | $205K | $248.2K | +21.1% |
| Fostoria | $202.3K | $224K | +10.7% |
| Columbiaville | $227K | $247.7K | +9.1% |
| Deerfield Township | $237K | $242K | +2.1% |
Housing Supply in Marathon Township, MI
How many homes are available in Marathon Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Summary: The Marathon Township real estate market had 15 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Marathon Township 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 60%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marathon Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Marathon Township in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Marathon Township, MI
How long does it take to sell a home in Marathon Township, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Marathon Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 2 homes were sold in Marathon Township; 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.
