$2,138 Closing Credit*
$180,000
1,132 SqFt
2 Beds
•1 Full Bath
Browning Chabot, Listing Office: Cressy & Everett Real Estate
Is Eau Claire, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Eau Claire has remained a Seller's Market.
Key Takeaway
Eau Claire is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eau Claire, MI
How much do homes in Eau Claire, MI cost?
Median Sold Price
$242,450
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$57,450(+31.1%)
Key Takeaway
Homes in Eau Claire have sold for 31.1% more than they did a year ago.
Summary: The median home sold price in Eau Claire was $242,450 in October 2024, up 31.1% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184K | $197.5K | +7.3% |
| 2 Bedrooms | $107.5K | $150K | +39.5% |
| 3 Bedrooms | $186.5K | $250K | +34.0% |
| 4 Bedrooms | $257.5K | $244.9K | -4.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Eau Claire housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 39.5%, 3 bedroom homes increased by 34%, 4 bedroom homes decreased by 4.9%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The Eau Claire real estate market had 14 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Eau Claire housing inventory by bedroom type for October 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 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
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 4 homes were sold or pending in Eau Claire in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 69 Days | +150.9% |
Summary: Homes in Eau Claire had an average of 69 days on market in Oct 2024, up by 150.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Eau Claire has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Eau Claire; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.