Is Keweenaw County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Keweenaw County is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Keweenaw County was a Neutral Market.

Key Takeaway

Keweenaw County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Keweenaw County, MI

How much do homes in Keweenaw County, MI cost?

Median Sold Price

$45,000

$28/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$198,000(-81.5%)

Key Takeaway

Homes in Keweenaw County have sold for 81.5% less than they did a month ago.

Summary: The median home sold price in Keweenaw County was $45,000 in October 2024, down 81.5% from last month, and the median price per square foot was $28.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $243K-
N/A
4 -$45K
N/A
5+ --
N/A

Summary: Keweenaw County housing prices by bedroom type for October 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 did not change, and 5+ bedroom homes did not change.

Housing Supply in Keweenaw County, MI

How many homes are available in Keweenaw County, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1415+7.1%

Summary: The Keweenaw County real estate market had 15 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 33
0.0%
3 108
-20.0%
4 01
+100.0%
5+ 12
+100.0%

Summary: The Keweenaw County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Keweenaw County, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Keweenaw County in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Keweenaw County, MI

We’re sorry, we don't have information for this market at the moment

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Keweenaw County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Keweenaw County; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Keweenaw County, MI

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