$140,000
6.58 Acres
Land
Michael J Pelton, Listing Office: Epique Realty
Is Ceresco, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, 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
$260,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$22,500(+9.5%)
Key Takeaway
Homes in Ceresco have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Ceresco was $260,000 in September 2024, up 9.5% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $94K | $246.5K | +162.2% |
| 3 Bedrooms | $260K | $222.5K | -14.4% |
| 4 Bedrooms | $200K | $280K | +40.0% |
| 5+ Bedrooms | $240K | $309K | +28.7% |
Summary: Ceresco housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 162.2%, 3 bedroom homes decreased by 14.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 28.7%.
Median Sold Price Compared To Nearby Cities
| Emmett Charter Township | $200K | $231K | +15.5% |
| Marshall Township | $210K | $242K | +15.2% |
| Ceresco | $237.5K | $260K | +9.5% |
Housing Supply in Ceresco, MI
How many homes are available in Ceresco, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The Ceresco real estate market had 4 homes for sale in September 2024, a 20.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Ceresco housing inventory by bedroom type for September 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 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ceresco, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Ceresco in September 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 17 Days | 42 Days | +142.3% |
Summary: Homes in Ceresco had an average of 42 days on market in Sep 2024, up by 142.3% compared to last year.
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 Ceresco has remained consistent over time.
Summary: During September 2024, 1 homes were sold in Ceresco; 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.
