Is Carson City, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carson City is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Carson City was a Seller's Market.

Key Takeaway

Carson City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Carson City, MI

How much do homes in Carson City, MI cost?

Median Sold Price

$220,700

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,700(+26.1%)

Key Takeaway

Homes in Carson City have sold for 26.1% more than they did a year ago.

Summary: The median home sold price in Carson City was $220,700 in October 2024, up 26.1% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $141K$219.9K
+56.0%
3 $184K$224.6K
+22.1%
4 $170K$167.5K
-1.5%
5+ $255K$265.7K
+4.2%

Summary: Carson City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56%, 3 bedroom homes increased by 22.1%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 4.2%.

Housing Supply in Carson City, MI

How many homes are available in Carson City, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
118-27.3%

Summary: The Carson City real estate market had 8 homes for sale in October 2024, a 27.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 44
0.0%
4 32
-33.3%
5+ 10
-100.0%

Summary: The Carson City 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 decreased by 33.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carson City, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Carson City in October 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Carson City, MI

How long does it take to sell a home in Carson City, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
42 Days154 Days+266.7%

Summary: Homes in Carson City had an average of 154 days on market in Oct 2024, up by 266.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Carson City are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in Carson City; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 16 Days Ago

Newest Listings in Carson City, MI

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