Is Montague, 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, Montague was a Seller's Market.
Housing Prices in Montague, MI
How much do homes in Montague, MI cost?
Median Sold Price
$247,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montague was $247,500 in April 2024, up 11.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $50K | -23.1% |
2 Bedrooms | $192.9K | $177.4K | -8.0% |
3 Bedrooms | $219.9K | $245K | +11.4% |
4 Bedrooms | $243.9K | $299.5K | +22.8% |
5+ Bedrooms | $320K | $369.9K | +15.6% |
Summary: Montague housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Cities
Whitehall | $247.5K | $296.2K | +19.7% |
Montague Township | $217.5K | $247.5K | +13.8% |
Montague | $222.5K | $247.5K | +11.2% |
Housing Supply in Montague, MI
How many homes are available in Montague, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 31 | +10.7% |
Summary: The Montague real estate market had 31 homes for sale in April 2024, a 10.7% increase 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 | 3 | 4 | +33.3% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Montague 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 increased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Montague in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Montague, MI
How long does it take to sell a home in Montague, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
171 Days | 33 Days | -80.2% |
Summary: Homes in Montague had an average of 33 days on market in Apr 2024, down by 80.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Montague; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.