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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Croswell is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Croswell, MI

How much do homes in Croswell, MI cost?

Median Sold Price

$175,000

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+20.7%)

Key Takeaway

Homes in Croswell have sold for 20.7% more than they did a year ago.

Summary: The median home sold price in Croswell was $175,000 in November 2024, up 20.7% from last year, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $42.5K$117K
+175.3%
3 $145K$175.5K
+21.0%
4 $153.4K$182.4K
+18.9%
5+ $167.4K-
N/A

Summary: Croswell 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 175.3%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes did not change.

Housing Supply in Croswell, MI

How many homes are available in Croswell, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2721-22.2%

Summary: The Croswell real estate market had 21 homes for sale in November 2024, a 22.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1713
-23.5%
4 54
-20.0%
5+ 11
0.0%

Summary: The Croswell 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 25%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Croswell, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Croswell in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Croswell, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days34 Days-22.4%

Summary: Homes in Croswell had an average of 34 days on market in Nov 2024, down by 22.4% compared to last year.

Breakdown of Home Sale Times

4 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

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

Summary: During November 2024, 6 homes were sold in Croswell; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 2 Days Ago

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