$2,255 Closing Credit*
$189,900
1,582 SqFt
3 Beds
•2 Full Baths
Polly Hollis, Dave Hollis, Listing Office: Homes by Hollis EXP
Is Iosco County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$191,133
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,166(+19.5%)
Key Takeaway
Homes in Iosco County have sold for 19.5% more than they did a year ago.
Summary: The median home sold price in Iosco County was $191,133 in November 2024, up 19.5% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $78.5K | +4.7% |
| 2 Bedrooms | $150K | $162.5K | +8.3% |
| 3 Bedrooms | $160.5K | $200K | +24.6% |
| 4 Bedrooms | $200K | $285K | +42.5% |
| 5+ Bedrooms | $205K | $247.8K | +20.9% |
Summary: Iosco County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 24.6%, 4 bedroom homes increased by 42.5%, and 5+ bedroom homes increased by 20.9%.
Median Sold Price Compared To Nearby Counties
| Iosco County | $159.9K | $191.1K | +19.5% |
| Ogemaw County | $144.1K | $165K | +14.5% |
| Arenac County | $148.2K | $160K | +7.9% |
| Alcona County | $168K | $176K | +4.8% |
Housing Supply in Iosco County, MI
How many homes are available in Iosco County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 180 | 157 | -12.8% |
Summary: The Iosco County real estate market had 157 homes for sale in November 2024, a 12.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 53 | 46 | -13.2% |
| 3 Bedrooms | 88 | 73 | -17.0% |
| 4 Bedrooms | 24 | 21 | -12.5% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Iosco County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes decreased by 17%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 28 | -37.8% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Iosco County, you may be able to get a good deal. 85.2% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Iosco County in November 2024, down by 37.8% month-over-month. Of the 27 sold homes, 85% were sold under asking, 11% were sold at asking, and 4% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 65 Days | -8.8% |
Summary: Homes in Iosco County had an average of 65 days on market in Nov 2024, down by 8.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Iosco County has remained consistent over time.
Summary: During November 2024, 28 homes were sold in Iosco County; 21% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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