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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Condon is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Condon, MI

How much do homes in Condon, MI cost?

Median Sold Price

$140,000

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$56,500(+67.7%)

Key Takeaway

Homes in Condon have sold for 67.7% more than they did a year ago.

Summary: The median home sold price in Condon was $140,000 in November 2024, up 67.7% from last year, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $80K$23K
-71.3%
3 $65K$150K
+130.8%
4 $104.4K$140K
+34.0%
5+ --
N/A

Summary: Condon 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 decreased by 71.3%, 3 bedroom homes increased by 130.8%, 4 bedroom homes increased by 34%, and 5+ bedroom homes did not change.

Housing Supply in Condon, MI

How many homes are available in Condon, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
79+28.6%

Summary: The Condon real estate market had 9 homes for sale in November 2024, a 28.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 34
+33.3%
4 23
+50.0%
5+ 00
0.0%

Summary: The Condon 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
02+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Condon, 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 Condon in November 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 Condon, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
7 Days11 Days+57.1%

Summary: Homes in Condon had an average of 11 days on market in Nov 2024, up by 57.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Condon; 100% of homes were sold within 30 days, 0% 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 4 Days Ago

Newest Listings in Condon, MI

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