$711 Closing Credit*
$59,900
1,244 SqFt
2 Beds
•1 Full Bath
Douglas S Thomas, Listing Office: RE/MAX Moves in Brownstown
Is Luce County, 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, Luce County has remained a Seller's Market.
Key Takeaway
Luce County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Luce County, MI
How much do homes in Luce County, MI cost?
Median Sold Price
$160,000
$130/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$83,500(+109.2%)
Key Takeaway
Homes in Luce County have sold for 109.2% more than they did a month ago.
Summary: The median home sold price in Luce County was $160,000 in October 2024, up 109.2% from last month, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.5K | $160K | +109.2% |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Luce County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 109.2%, 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 Counties
| Luce County | $76.5K | $160K | +109.2% |
| Alger County | $212.5K | $217.5K | +2.4% |
Housing Supply in Luce County, MI
How many homes are available in Luce County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Summary: The Luce County real estate market had 4 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Luce County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Luce County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Luce County in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Luce County, MI
How long does it take to sell a home in Luce County, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 Days | 14 Days | -86.3% |
Summary: Homes in Luce County had an average of 14 days on market in Oct 2024, down by 86.3% compared to last month.
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
Key Takeaway
Many homes in Luce County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Luce 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.
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