Is Saint Joseph County, 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, Saint Joseph County has remained a Seller's Market.
Key Takeaway
Saint Joseph County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Joseph County, MI
How much do homes in Saint Joseph County, MI cost?
Median Sold Price
$190,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Saint Joseph County have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Saint Joseph County was $190,000 in May 2024, up 2.7% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110.4K | $143.5K | +29.9% |
| 2 Bedrooms | $139.9K | $139K | -0.7% |
| 3 Bedrooms | $185K | $185.3K | 0.2% |
| 4 Bedrooms | $232.5K | $259.9K | +11.8% |
| 5+ Bedrooms | $293.5K | $326.5K | +11.2% |
Summary: Saint Joseph County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.9%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Counties
| Branch County | $175K | $193.4K | +10.5% |
| Saint Joseph County | $184.9K | $190K | +2.7% |
| Cass County | $225K | $224.2K | -0.3% |
Housing Supply in Saint Joseph County, MI
How many homes are available in Saint Joseph County, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 200 | 208 | +4.0% |
Summary: The Saint Joseph County real estate market had 208 homes for sale in May 2024, a 4.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 26 | 26 | 0.0% |
| 3 Bedrooms | 98 | 104 | +6.1% |
| 4 Bedrooms | 60 | 60 | 0.0% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Saint Joseph County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 48 | 0.0% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Joseph County, you may be able to get a good deal. 52.1% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Saint Joseph County in May 2024, the same as the previous month. Of the 48 sold homes, 52% were sold under asking, 31% were sold at asking, and 17% were sold over asking.
Days on Market for Saint Joseph County, MI
How long does it take to sell a home in Saint Joseph County, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 39 Days | +39.4% |
Summary: Homes in Saint Joseph County had an average of 39 days on market in May 2024, up by 39.4% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Joseph County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 48 homes were sold in Saint Joseph County; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.