$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
$126,000
$57/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$36,000(+40.0%)
Key Takeaway
Homes in Laurium have sold for 40% more than they did a month ago.
Summary: The median home sold price in Laurium was $126,000 in November 2024, up 40% from last month, and the median price per square foot was $57.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $90K | - | N/A |
| 4 Bedrooms | $26.1K | $126K | +381.8% |
| 5+ Bedrooms | $183.5K | - | N/A |
Summary: Laurium housing prices by bedroom type for November 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 increased by 381.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Calumet Charter Township | $93K | $135K | +45.2% |
| Laurium | $90K | $126K | +40.0% |
Housing Supply in Laurium, MI
How many homes are available in Laurium, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Summary: The Laurium real estate market had 8 homes for sale in November 2024, a 27.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Laurium housing inventory by bedroom type for November 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 25%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurium, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Laurium in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 112 Days | +427.3% |
Summary: Homes in Laurium had an average of 112 days on market in Nov 2024, up by 427.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Laurium has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Laurium; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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.