Is Eau Claire, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eau Claire is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Eau Claire was a Seller's Market.

Key Takeaway

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

Housing Prices in Eau Claire, MI

How much do homes in Eau Claire, MI cost?

Median Sold Price

$177,500

$136/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$2,750(-1.5%)

Key Takeaway

Homes in Eau Claire have sold for 1.5% less than they did a month ago.

Summary: The median home sold price in Eau Claire was $177,500 in November 2024, down 1.5% from last month, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$160K
N/A
3 $224.5K$195K
-13.1%
4 $136K-
N/A
5+ --
N/A

Summary: Eau Claire 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 13.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Eau Claire, MI

How many homes are available in Eau Claire, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1317+30.8%

Summary: The Eau Claire real estate market had 17 homes for sale in November 2024, a 30.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 36
+100.0%
3 55
0.0%
4 44
0.0%
5+ 12
+100.0%

Summary: The Eau Claire 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

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 Eau Claire, 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 Eau Claire in November 2024, down by 50.0% 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 Eau Claire, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
55 Days59 Days+7.7%

Summary: Homes in Eau Claire had an average of 59 days on market in Nov 2024, up by 7.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Eau Claire; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 20 Days Ago

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