$2,126 Closing Credit*
$179,000
1,616 SqFt
4 Beds
•2 Full Baths
#50160744, ADAM KARKI, Listing Office: RE/MAX 1ST REALTY
Is Baraga County, 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, Baraga County has remained a Seller's Market.
Key Takeaway
Baraga County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baraga County, MI
How much do homes in Baraga County, MI cost?
Median Sold Price
$98,500
$110/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$66,500(-40.3%)
Key Takeaway
Homes in Baraga County have sold for 40.3% less than they did a month ago.
Summary: The median home sold price in Baraga County was $98,500 in October 2024, down 40.3% from last month, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | $150.9K | $57.5K | -61.9% |
| 3 Bedrooms | $230K | $110.7K | -51.8% |
| 4 Bedrooms | $300K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Baraga County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 61.9%, 3 bedroom homes decreased by 51.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Houghton County | $210K | $235K | +11.9% |
| Marquette County | $245K | $239.5K | -2.2% |
| Baraga County | $165K | $98.5K | -40.3% |
Housing Supply in Baraga County, MI
How many homes are available in Baraga County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 26 | -16.1% |
Summary: The Baraga County real estate market had 26 homes for sale in October 2024, a 16.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 4 | -50.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Baraga County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
5 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 Baraga County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Baraga County in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Baraga County, MI
How long does it take to sell a home in Baraga County, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 Days | 22 Days | -71.8% |
Summary: Homes in Baraga County had an average of 22 days on market in Oct 2024, down by 71.8% compared to last month.
Breakdown of Home Sale Times
3 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 Baraga County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Baraga County; 60% of homes were sold within 30 days, 40% 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.