$4,156 Closing Credit*
$350,000
2,784 SqFt
3 Beds
•2 Full Baths, 1 Partial
#50160546, KERSTYN BURKE, Listing Office: STEPHENS REAL ESTATE-IRON RIVER
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
$50,950
$36/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$12,950(+34.1%)
Key Takeaway
Homes in Caspian have sold for 34.1% more than they did a month ago.
Summary: The median home sold price in Caspian was $50,950 in October 2024, up 34.1% from last month, and the median price per square foot was $36.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $38K | - | N/A |
| 3 Bedrooms | - | $79.9K | N/A |
| 4 Bedrooms | - | $22K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Caspian 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 did not change, 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
| Caspian | $38K | $50.9K | +34.1% |
| Iron River | $117.5K | $84.8K | -27.8% |
Housing Supply in Caspian, MI
How many homes are available in Caspian, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Summary: The Caspian real estate market had 6 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Caspian 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was 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, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Caspian in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 3 Days | -93.6% |
Summary: Homes in Caspian had an average of 3 days on market in Oct 2024, down by 93.6% compared to last month.
Breakdown of Home Sale Times
2 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 Caspian are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Caspian; 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.