$1,936 Closing Credit*
$163,000
875 SqFt
2 Beds
•1 Full Bath
Michelle Bachman, Listing Office: Beachwalk Properties, LLC
Is Coloma, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Coloma was a Neutral Market.
Key Takeaway
Coloma is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coloma, MI
How much do homes in Coloma, MI cost?
Median Sold Price
$240,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,900(-4.0%)
Key Takeaway
Homes in Coloma have sold for 4% less than they did a year ago.
Summary: The median home sold price in Coloma was $240,000 in November 2024, down 4% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $211K | N/A |
| 2 Bedrooms | $178.5K | $245K | +37.3% |
| 3 Bedrooms | $249.9K | $217.5K | -13.0% |
| 4 Bedrooms | $310K | $279K | -10.0% |
| 5+ Bedrooms | $342K | $448K | +31.0% |
Summary: Coloma housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.3%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 31%.
Median Sold Price Compared To Nearby Cities
| Coloma Charter Township | $249.9K | $242.5K | -3.0% |
| Coloma | $249.9K | $240K | -4.0% |
Housing Supply in Coloma, MI
How many homes are available in Coloma, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 53 | -15.9% |
Summary: The Coloma real estate market had 53 homes for sale in November 2024, a 15.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 23 | 18 | -21.7% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Coloma 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 27.3%, 3 bedroom homes decreased by 21.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 9 | -43.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coloma, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Coloma in November 2024, down by 43.8% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.
Days on Market for Coloma, MI
How long does it take to sell a home in Coloma, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 139 Days | 43 Days | -68.4% |
Summary: Homes in Coloma had an average of 43 days on market in Nov 2024, down by 68.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Coloma has remained consistent over time.
Summary: During November 2024, 9 homes were sold in Coloma; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
