$1,455 Closing Credit*
$122,500
832 SqFt
2 Beds
•1 Full Bath
MICHELLE BASSI, Listing Office: CAROLE WILSON REAL ESTATE
Is Iosco County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Iosco County has remained a Seller's Market.
Key Takeaway
Iosco County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Iosco County, MI
How much do homes in Iosco County, MI cost?
Median Sold Price
$190,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,000(+25.0%)
Key Takeaway
Homes in Iosco County have sold for 25% more than they did a year ago.
Summary: The median home sold price in Iosco County was $190,000 in October 2024, up 25% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.5K | $126K | +62.6% |
| 2 Bedrooms | $141.8K | $176.5K | +24.5% |
| 3 Bedrooms | $161.2K | $184.5K | +14.4% |
| 4 Bedrooms | $205K | $280K | +36.6% |
| 5+ Bedrooms | $232.5K | $238K | +2.4% |
Summary: Iosco County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.6%, 2 bedroom homes increased by 24.5%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 36.6%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Counties
| Iosco County | $152K | $190K | +25.0% |
| Ogemaw County | $149.9K | $165K | +10.1% |
| Alcona County | $168.5K | $179.9K | +6.8% |
| Arenac County | $153K | $160K | +4.6% |
Housing Supply in Iosco County, MI
How many homes are available in Iosco County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 200 | 188 | -6.0% |
Summary: The Iosco County real estate market had 188 homes for sale in October 2024, a 6.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 9 | +50.0% |
| 2 Bedrooms | 61 | 54 | -11.5% |
| 3 Bedrooms | 105 | 94 | -10.5% |
| 4 Bedrooms | 21 | 25 | +19.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Iosco County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 44 | +2.3% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Iosco County, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Iosco County in October 2024, up by 2.3% month-over-month. Of the 43 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% were sold over asking.
Days on Market for Iosco County, MI
How long does it take to sell a home in Iosco County, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 70 Days | +66.5% |
Summary: Homes in Iosco County had an average of 70 days on market in Oct 2024, up by 66.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Iosco County has remained consistent over time.
Summary: During October 2024, 44 homes were sold in Iosco County; 16% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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