$7,718 Closing Credit*
$649,900
1,800 SqFt
3 Beds
•1 Full Bath, 1 Partial
#50163039, Jeremiah Glowski, Listing Office: Berkshire Hathaway HomeServices Kee Realty NB
Is Algonac, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Algonac has remained a Seller's Market.
Key Takeaway
Algonac is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Algonac, MI
How much do homes in Algonac, MI cost?
Median Sold Price
$200,000
$183/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$66,500(-25.0%)
Key Takeaway
Homes in Algonac have sold for 25% less than they did a month ago.
Summary: The median home sold price in Algonac was $200,000 in November 2024, down 25% from last month, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $312.7K | $244.4K | -21.8% |
| 3 Bedrooms | $240K | $200K | -16.7% |
| 4 Bedrooms | $400K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Algonac housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.8%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Algonac, MI
How many homes are available in Algonac, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Summary: The Algonac real estate market had 24 homes for sale in November 2024, a 17.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Algonac housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Algonac, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Algonac in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Algonac, MI
How long does it take to sell a home in Algonac, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 23 Days | -29.6% |
Summary: Homes in Algonac had an average of 23 days on market in Nov 2024, down by 29.6% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Algonac are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Algonac; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.