$7,422 Closing Credit*
$625,000
4,583 SqFt
4 Beds
•4 Full Baths, 1 Partial
Alejandra Walters, Listing Office: Coldwell Banker Professionals
Is Macomb, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Macomb has remained a Seller's Market.
Key Takeaway
Macomb is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Macomb, MI
How much do homes in Macomb, MI cost?
Median Sold Price
$445,428
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,967(+4.9%)
Key Takeaway
Homes in Macomb have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Macomb was $445,428 in November 2024, up 4.9% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $256K | $275K | +7.4% |
| 3 Bedrooms | $380K | $420K | +10.5% |
| 4 Bedrooms | $503K | $534.9K | +6.3% |
| 5+ Bedrooms | $547.5K | $548.5K | 0.2% |
Summary: Macomb housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Clinton Township | $223.2K | $250K | +12.0% |
| Clinton Charter Township | $224.5K | $250K | +11.3% |
| Shelby Charter Township | $335.9K | $354.6K | +5.5% |
| Macomb | $424.4K | $445.4K | +4.9% |
| Macomb Township | $424.9K | $445.3K | +4.8% |
Housing Supply in Macomb, MI
How many homes are available in Macomb, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 288 | 272 | -5.6% |
Summary: The Macomb real estate market had 272 homes for sale in November 2024, a 5.6% 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 | 43 | 49 | +14.0% |
| 3 Bedrooms | 104 | 91 | -12.5% |
| 4 Bedrooms | 126 | 116 | -7.9% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Macomb 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 increased by 14%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 65 | -14.5% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macomb, you may be able to get a good deal. 49.2% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in Macomb in November 2024, down by 14.5% month-over-month. Of the 65 sold homes, 49% were sold under asking, 28% were sold at asking, and 23% were sold over asking.
Days on Market for Macomb, MI
How long does it take to sell a home in Macomb, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 57 Days | +64.8% |
Summary: Homes in Macomb had an average of 57 days on market in Nov 2024, up by 64.8% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macomb are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 65 homes were sold in Macomb; 52% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 9% 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.