$1,709 Closing Credit*
$143,950
1,900 SqFt
3 Beds
•2 Full Baths
#50163424, TAMMY GARLING, Listing Office: KEY REALTY DELTA COUNTY LLC
Is Escanaba, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Escanaba was a Neutral Market.
Key Takeaway
Escanaba is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Escanaba, MI
How much do homes in Escanaba, MI cost?
Median Sold Price
$154,500
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,000(+26.1%)
Key Takeaway
Homes in Escanaba have sold for 26.1% more than they did a year ago.
Summary: The median home sold price in Escanaba was $154,500 in November 2024, up 26.1% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $73.7K | N/A |
| 2 Bedrooms | $145K | $152.5K | +5.2% |
| 3 Bedrooms | $125K | $155.3K | +24.2% |
| 4 Bedrooms | $117.5K | $226K | +92.3% |
| 5+ Bedrooms | $128K | $148.2K | +15.8% |
Summary: Escanaba 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 5.2%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 92.3%, and 5+ bedroom homes increased by 15.8%.
Housing Supply in Escanaba, MI
How many homes are available in Escanaba, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 50 | -3.8% |
Summary: The Escanaba real estate market had 50 homes for sale in November 2024, a 3.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Escanaba 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 14.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Escanaba, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Escanaba in November 2024, the same as the previous month. Of the 15 sold homes, 73% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Escanaba, MI
How long does it take to sell a home in Escanaba, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 18 Days | +8.2% |
Summary: Homes in Escanaba had an average of 18 days on market in Nov 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Escanaba are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Escanaba; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.