Is Delta County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delta County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Delta County has remained a Seller's Market.

Key Takeaway

Delta County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Delta County, MI

How much do homes in Delta County, MI cost?

Median Sold Price

$182,000

$132/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$11,500(+6.7%)

Key Takeaway

Homes in Delta County have sold for 6.7% more than they did a month ago.

Summary: The median home sold price in Delta County was $182,000 in September 2024, up 6.7% from last month, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 $139K-
N/A
2 $122.4K$147K
+20.0%
3 $212.5K$186.2K
-12.4%
4 $229K$239K
+4.4%
5+ $223K$185K
-17.0%

Summary: Delta County housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 12.4%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 17%.

Median Sold Price Compared To Nearby Counties

Schoolcraft County
+76.8%
Marquette County
+7.4%
Delta County
+6.7%
Alger County
-9.6%

Housing Supply in Delta County, MI

How many homes are available in Delta County, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
126119-5.6%

Summary: The Delta County real estate market had 119 homes for sale in September 2024, a 5.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 75
-28.6%
2 2827
-3.6%
3 4546
+2.2%
4 3229
-9.4%
5+ 1412
-14.3%

Summary: The Delta County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4525-44.4%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delta County, you may be able to get a good deal. 44% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Delta County in September 2024, down by 44.4% month-over-month. Of the 25 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.

Days on Market for Delta County, MI

How long does it take to sell a home in Delta County, MI?

Average Sale Time

Aug 2024Sep 2024CHANGE
33 Days24 Days-26.5%

Summary: Homes in Delta County had an average of 24 days on market in Sep 2024, down by 26.5% compared to last month.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Delta County are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 25 homes were sold in Delta County; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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