$3,135 Closing Credit*
$264,000
2,447 SqFt
4 Beds
•2 Full Baths
#50161173, STEVEN ROWE, Listing Office: STATE WIDE OF HOUGHTON
Is Houghton, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Houghton has remained a Seller's Market.
Key Takeaway
Houghton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Houghton, MI
How much do homes in Houghton, MI cost?
Median Sold Price
$239,500
$133/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$40,500(-14.5%)
Key Takeaway
Homes in Houghton have sold for 14.5% less than they did a month ago.
Summary: The median home sold price in Houghton was $239,500 in October 2024, down 14.5% from last month, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $280K | $210K | -25.0% |
| 4 Bedrooms | $270K | $322K | +19.3% |
| 5+ Bedrooms | - | $250.2K | N/A |
Summary: Houghton housing prices by bedroom type for October 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 25%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hancock | $160K | $412.5K | +157.8% |
| Adams Township | $229K | $400K | +74.7% |
| Franklin Township | $436.2K | $685K | +57.0% |
| Houghton | $280K | $239.5K | -14.5% |
Housing Supply in Houghton, MI
How many homes are available in Houghton, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Summary: The Houghton real estate market had 15 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 3 | -57.1% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Houghton 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 decreased by 57.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Houghton, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Houghton in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Houghton, MI
How long does it take to sell a home in Houghton, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 24 Days | -33.0% |
Summary: Homes in Houghton had an average of 24 days on market in Oct 2024, down by 33% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Houghton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Houghton; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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.