$593 Closing Credit*
$49,900
2,262 SqFt
5 Beds
•2 Full Baths
#50158707, JEREMY ROWE, Listing Office: NORTHERN MICHIGAN LAND BROKERS - H
Is Laurium, 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, Laurium has remained a Seller's Market.
Key Takeaway
Laurium is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Laurium, MI
How much do homes in Laurium, MI cost?
Median Sold Price
$90,000
$55/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$37,000(-29.1%)
Key Takeaway
Homes in Laurium have sold for 29.1% less than they did a month ago.
Summary: The median home sold price in Laurium was $90,000 in October 2024, down 29.1% from last month, and the median price per square foot was $55.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $127K | - | N/A |
| 3 Bedrooms | - | $90K | N/A |
| 4 Bedrooms | $82.5K | $26.1K | -68.3% |
| 5+ Bedrooms | - | $183.5K | N/A |
Summary: Laurium 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 decreased by 68.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Calumet Charter Township | $150K | $138.2K | -7.8% |
| Laurium | $127K | $90K | -29.1% |
Housing Supply in Laurium, MI
How many homes are available in Laurium, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Laurium real estate market had 11 homes for sale in October 2024, a 15.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Laurium housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Laurium, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Laurium in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Laurium, MI
How long does it take to sell a home in Laurium, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 21 Days | +48.8% |
Summary: Homes in Laurium had an average of 21 days on market in Oct 2024, up by 48.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laurium are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Laurium; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.