$1,900 Closing Credit*
$160,000
1,048 SqFt
2 Beds
•1 Full Bath, 1 Partial
#50161212, DANIELLE HOSKINS, Listing Office: CENTURY 21 AFFILIATED
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
$235,000
$131/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$25,000(+11.9%)
Key Takeaway
Homes in Houghton County have sold for 11.9% more than they did a month ago.
Summary: The median home sold price in Houghton County was $235,000 in October 2024, up 11.9% from last month, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69K | $193.5K | +180.4% |
| 2 Bedrooms | $210K | $159K | -24.3% |
| 3 Bedrooms | $280K | $180.5K | -35.5% |
| 4 Bedrooms | $150K | $244K | +62.7% |
| 5+ Bedrooms | $435K | $250.2K | -42.5% |
Summary: Houghton County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 180.4%, 2 bedroom homes decreased by 24.3%, 3 bedroom homes decreased by 35.5%, 4 bedroom homes increased by 62.7%, and 5+ bedroom homes decreased by 42.5%.
Median Sold Price Compared To Nearby Counties
| Houghton County | $210K | $235K | +11.9% |
| Iron County | $107.5K | $112.5K | +4.7% |
| Ontonagon County | $150K | $127K | -15.3% |
| Baraga County | $165K | $98.5K | -40.3% |
| Keweenaw County | $243K | $45K | -81.5% |
Housing Supply in Houghton County, MI
How many homes are available in Houghton County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 133 | 127 | -4.5% |
Summary: The Houghton County real estate market had 127 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 22 | 19 | -13.6% |
| 3 Bedrooms | 55 | 53 | -3.6% |
| 4 Bedrooms | 31 | 31 | 0.0% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Houghton County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Houghton County, you may be able to get a good deal. 68% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Houghton County in October 2024, down by 7.4% month-over-month. Of the 25 sold homes, 68% were sold under asking, 12% were sold at asking, and 20% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 53 Days | +58.1% |
Summary: Homes in Houghton County had an average of 53 days on market in Oct 2024, up by 58.1% compared to last month.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 25 homes were sold in Houghton County; 44% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 16% 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.