$3,086 Closing Credit*
$259,900
1,472 SqFt
3 Beds
•2 Full Baths
Christine McCormick, Listing Office: Berkshire Hathaway HomeServices Michigan Real Esta
Is Ceresco, 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, Ceresco has remained a Seller's Market.
Key Takeaway
Ceresco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ceresco, MI
How much do homes in Ceresco, MI cost?
Median Sold Price
$231,000
$148/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$66,000(+40.0%)
Key Takeaway
Homes in Ceresco have sold for 40% more than they did a month ago.
Summary: The median home sold price in Ceresco was $231,000 in October 2024, up 40% from last month, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $165K | $165K | 0.0% |
| 4 Bedrooms | - | $297K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Ceresco 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
| Ceresco | $165K | $231K | +40.0% |
| Newton Township | $257.5K | $260K | +1.0% |
Housing Supply in Ceresco, MI
How many homes are available in Ceresco, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The Ceresco real estate market had 4 homes for sale in October 2024, a 20.0% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ceresco 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 decreased by 25%, 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
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ceresco, 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 Ceresco in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Ceresco, MI
How long does it take to sell a home in Ceresco, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 22 Days | -46.4% |
Summary: Homes in Ceresco had an average of 22 days on market in Oct 2024, down by 46.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ceresco are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Ceresco; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
