$565 Closing Credit*
$47,600
1,427 SqFt
3 Beds
•1 Full Bath
#50163433, PUNNER FRANZENE, Listing Office: U.P. RIVERLAND REALTY
Is Caspian, 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, Caspian has remained a Seller's Market.
Key Takeaway
Caspian is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Caspian, MI
How much do homes in Caspian, MI cost?
Median Sold Price
$75,000
$90/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$7,500(+11.1%)
Key Takeaway
Homes in Caspian have sold for 11.1% more than they did a month ago.
Summary: The median home sold price in Caspian was $75,000 in December 2024, up 11.1% from last month, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $128.5K | $75K | -41.6% |
| 3 Bedrooms | $51.2K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Caspian housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 41.6%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Iron River | $87.5K | $117.4K | +34.2% |
| Stambaugh Township | $312.5K | $372K | +19.0% |
| Caspian | $67.5K | $75K | +11.1% |
Housing Supply in Caspian, MI
How many homes are available in Caspian, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Summary: The Caspian real estate market had 3 homes for sale in December 2024, a 40.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Caspian housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Caspian, 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 Caspian in December 2024, down by 66.7% 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 Caspian, MI
How long does it take to sell a home in Caspian, MI?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 32 Days | 45 Days | +40.6% |
Summary: Homes in Caspian had an average of 45 days on market in Dec 2024, up by 40.6% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Caspian has remained consistent over time.
Summary: During December 2024, 1 homes were sold in Caspian; 0% of homes were sold within 30 days, 100% 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.