Is Caseville, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Caseville is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Caseville has remained a Seller's Market.

Key Takeaway

Caseville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Caseville, MI

How much do homes in Caseville, MI cost?

Median Sold Price

$202,000

$144/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$42,000(+26.3%)

Key Takeaway

Homes in Caseville have sold for 26.3% more than they did a month ago.

Summary: The median home sold price in Caseville was $202,000 in October 2024, up 26.3% from last month, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $130K-
N/A
2 $118K$192.5K
+63.1%
3 $187.5K$202K
+7.7%
4 $155K-
N/A
5+ --
N/A

Summary: Caseville 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 increased by 63.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Caseville Township
+35.5%
Caseville
+26.3%

Housing Supply in Caseville, MI

How many homes are available in Caseville, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2013-35.0%

Summary: The Caseville real estate market had 13 homes for sale in October 2024, a 35.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 108
-20.0%
3 74
-42.9%
4 21
-50.0%
5+ 00
0.0%

Summary: The Caseville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Caseville, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Caseville in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Caseville, MI

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

Average Sale Time

Sep 2024Oct 2024CHANGE
37 Days101 Days+171.6%

Summary: Homes in Caseville had an average of 101 days on market in Oct 2024, up by 171.6% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Caseville are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Caseville; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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 17 Days Ago

Newest Listings in Caseville, MI

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