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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cassopolis is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Cassopolis has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Cassopolis, MI

How much do homes in Cassopolis, MI cost?

Median Sold Price

$272,500

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$28,500(+11.7%)

Key Takeaway

Homes in Cassopolis have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in Cassopolis was $272,500 in December 2024, up 11.7% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$176K
N/A
2 $167.2K$205K
+22.6%
3 $234.5K$262.5K
+11.9%
4 $221.5K$332.5K
+50.1%
5+ $605K$780.5K
+29.0%

Summary: Cassopolis housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 50.1%, and 5+ bedroom homes increased by 29%.

Median Sold Price Compared To Nearby Cities

LaGrange Township
+23.5%
Cassopolis
+11.7%
Penn Township
-5.7%

Housing Supply in Cassopolis, MI

How many homes are available in Cassopolis, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2423-4.2%

Summary: The Cassopolis real estate market had 23 homes for sale in December 2024, a 4.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 86
-25.0%
4 87
-12.5%
5+ 25
+150.0%

Summary: The Cassopolis 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 16.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
550.0%

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 - buyer80%20%

Key Takeaway

If you're buying a home in Cassopolis, 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 Cassopolis in December 2024, the same as the previous 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 Cassopolis, MI

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

Average Sale Time

Dec 2023Dec 2024CHANGE
11 Days31 Days+181.2%

Summary: Homes in Cassopolis had an average of 31 days on market in Dec 2024, up by 181.2% compared to last year.

Breakdown of Home Sale Times

4 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 Times80%20%

Key Takeaway

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

Summary: During December 2024, 5 homes were sold in Cassopolis; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 8 Days Ago

Newest Listings in Cassopolis, MI

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