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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Copemish is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Copemish was a Buyer's Market.

Key Takeaway

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

Housing Prices in Copemish, MI

How much do homes in Copemish, MI cost?

Median Sold Price

$250,000

$154/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$140,000(+127.3%)

Key Takeaway

Homes in Copemish have sold for 127.3% more than they did a month ago.

Summary: The median home sold price in Copemish was $250,000 in November 2024, up 127.3% from last month, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $110K-
N/A
2 --
N/A
3 -$250K
N/A
4 -$299.9K
N/A
5+ --
N/A

Summary: Copemish 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cleon Township
+172.6%
Copemish
+127.3%

Housing Supply in Copemish, MI

How many homes are available in Copemish, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10100.0%

Summary: The Copemish real estate market had 10 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 22
0.0%
3 67
+16.7%
4 11
0.0%
5+ 00
0.0%

Summary: The Copemish housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Copemish, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Copemish in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Copemish, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
182 Days89 Days-51.1%

Summary: Homes in Copemish had an average of 89 days on market in Nov 2024, down by 51.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Copemish; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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

Newest Listings in Copemish, MI

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