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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coleman is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Coleman was a Seller's Market.

Key Takeaway

Coleman is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Coleman, MI

How much do homes in Coleman, MI cost?

Median Sold Price

$147,000

$83/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$4,500(+3.2%)

Key Takeaway

Homes in Coleman have sold for 3.2% more than they did a month ago.

Summary: The median home sold price in Coleman was $147,000 in November 2024, up 3.2% from last month, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $118.5K-
N/A
3 $169.5K$147K
-13.3%
4 --
N/A
5+ --
N/A

Summary: Coleman housing prices by bedroom type for November 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 decreased by 13.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Coleman, MI

How many homes are available in Coleman, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1412-14.3%

Summary: The Coleman real estate market had 12 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1211
-8.3%
4 00
0.0%
5+ 00
0.0%

Summary: The Coleman housing inventory by bedroom type for November 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 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coleman, 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 Coleman in November 2024, down by 75.0% 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 Coleman, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
48 Days51 Days+6.3%

Summary: Homes in Coleman had an average of 51 days on market in Nov 2024, up by 6.3% 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Coleman has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Coleman; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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