$3,266 Closing Credit*
$275,000
2,195 SqFt
4 Beds
•2 Full Baths
Carl Wessel, Listing Office: Wessel Realty
Is Capac, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Capac was a Neutral Market.
Key Takeaway
Capac is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Capac, MI
How much do homes in Capac, MI cost?
Median Sold Price
$176,450
$136/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$20,450(+13.1%)
Key Takeaway
Homes in Capac have sold for 13.1% more than they did a month ago.
Summary: The median home sold price in Capac was $176,450 in October 2024, up 13.1% from last month, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $197K | $195K | -1.0% |
| 3 Bedrooms | $115K | $134K | +16.5% |
| 4 Bedrooms | - | $157.9K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Capac 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 1%, 3 bedroom homes increased by 16.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Capac, MI
How many homes are available in Capac, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Capac real estate market had 10 homes for sale in October 2024, a 9.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Capac housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Capac, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Capac in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Capac, MI
How long does it take to sell a home in Capac, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 16 Days | +37.5% |
Summary: Homes in Capac had an average of 16 days on market in Oct 2024, up by 37.5% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Capac are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Capac; 100% of homes were sold within 30 days, 0% 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.