$20,000
0.25 Acres
Land
#50157121, JOEL RASTELLO, Listing Office: CENTURY 21 AFFILIATED
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
$127,000
$88/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
-$45,000(-26.2%)
Key Takeaway
Homes in Laurium have sold for 26.2% less than they did a month ago.
Summary: The median home sold price in Laurium was $127,000 in September 2024, down 26.2% from last month, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $127K | N/A |
| 3 Bedrooms | $160K | - | N/A |
| 4 Bedrooms | - | $82.5K | N/A |
| 5+ Bedrooms | $372.5K | - | N/A |
Summary: Laurium housing prices by bedroom type for September 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.
Median Sold Price Compared To Nearby Cities
| Calumet Charter Township | $155K | $150K | -3.2% |
| Laurium | $172K | $127K | -26.2% |
Housing Supply in Laurium, MI
How many homes are available in Laurium, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Summary: The Laurium real estate market had 13 homes for sale in September 2024, a 23.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Laurium housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
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 September 2024, down by 25.0% month-over-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
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 34 Days | 14 Days | -58.8% |
Summary: Homes in Laurium had an average of 14 days on market in Sep 2024, down by 58.8% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were 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 September 2024, 3 homes were sold in Laurium; 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.