$3,907 Closing Credit*
$329,000
2,054 SqFt
4 Beds
•2 Full Baths
#50163055, JEREMY ROWE, Listing Office: NORTHERN MICHIGAN LAND BROKERS - H
Is Houghton County, 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 County has remained a Seller's Market.
Key Takeaway
Houghton County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Houghton County, MI
How much do homes in Houghton County, MI cost?
Median Sold Price
$170,000
$104/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$52,500(-23.6%)
Key Takeaway
Homes in Houghton County have sold for 23.6% less than they did a month ago.
Summary: The median home sold price in Houghton County was $170,000 in November 2024, down 23.6% from last month, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $193.5K | - | N/A |
| 2 Bedrooms | $159K | $106.7K | -32.9% |
| 3 Bedrooms | $151K | $208.5K | +38.1% |
| 4 Bedrooms | $244K | $139.7K | -42.7% |
| 5+ Bedrooms | $250.2K | $377K | +50.7% |
Summary: Houghton County 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 decreased by 32.9%, 3 bedroom homes increased by 38.1%, 4 bedroom homes decreased by 42.7%, and 5+ bedroom homes increased by 50.7%.
Median Sold Price Compared To Nearby Counties
| Keweenaw County | $45K | $520K | +1055.6% |
| Ontonagon County | $125K | $245K | +96.0% |
| Baraga County | $98.5K | $121K | +22.8% |
| Iron County | $112.5K | $110K | -2.2% |
| Houghton County | $222.5K | $170K | -23.6% |
Housing Supply in Houghton County, MI
How many homes are available in Houghton County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 121 | 107 | -11.6% |
Summary: The Houghton County real estate market had 107 homes for sale in November 2024, a 11.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 18 | 18 | 0.0% |
| 3 Bedrooms | 51 | 46 | -9.8% |
| 4 Bedrooms | 30 | 27 | -10.0% |
| 5+ Bedrooms | 16 | 12 | -25.0% |
Summary: The Houghton County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 26 | 0.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Houghton County, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Houghton County in November 2024, the same as the previous month. Of the 26 sold homes, 58% were sold under asking, 38% were sold at asking, and 4% were sold over asking.
Days on Market for Houghton County, MI
How long does it take to sell a home in Houghton County, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 67 Days | +30.4% |
Summary: Homes in Houghton County had an average of 67 days on market in Nov 2024, up by 30.4% compared to last month.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Houghton County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 26 homes were sold in Houghton County; 54% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 27% 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. 
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.