$2,124 Closing Credit*
$178,900
1,455 SqFt
3 Beds
•1 Full Bath, 1 Partial
#50162662, JENNIFER DEEPHOUSE, 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
$264,000
$158/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$24,500(+10.2%)
Key Takeaway
Homes in Houghton have sold for 10.2% more than they did a month ago.
Summary: The median home sold price in Houghton was $264,000 in November 2024, up 10.2% from last month, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $210K | - | N/A |
| 4 Bedrooms | $322K | $264K | -18.0% |
| 5+ Bedrooms | $250.2K | - | N/A |
Summary: Houghton 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 did not change, 4 bedroom homes decreased by 18%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $697.5K | $805K | +15.4% |
| Houghton | $239.5K | $264K | +10.2% |
| Hancock | $412.5K | $192K | -53.5% |
Housing Supply in Houghton, MI
How many homes are available in Houghton, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Summary: The Houghton real estate market had 11 homes for sale in November 2024, a 26.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Houghton 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 remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Houghton, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Houghton in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 40 Days | +69.4% |
Summary: Homes in Houghton had an average of 40 days on market in Nov 2024, up by 69.4% compared to last month.
Breakdown of Home Sale Times
2 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 November 2024, 3 homes were sold in Houghton; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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.