$3,206 Closing Credit*
$270,000
1,425 SqFt
3 Beds
•2 Full Baths, 1 Partial
#50163437, Eric Raymo, Listing Office: EXP Realty LLC
Is Macomb County, 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 County has remained a Seller's Market.
Key Takeaway
Macomb County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Macomb County, MI
How much do homes in Macomb County, MI cost?
Median Sold Price
$252,904
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,189(+9.6%)
Key Takeaway
Homes in Macomb County have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Macomb County was $252,904 in November 2024, up 9.6% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $80K | 0.0% |
| 2 Bedrooms | $173.6K | $189.8K | +9.3% |
| 3 Bedrooms | $227.5K | $254.5K | +11.9% |
| 4 Bedrooms | $379.4K | $410.4K | +8.2% |
| 5+ Bedrooms | $400K | $421.5K | +5.4% |
Summary: Macomb County 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 9.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Counties
| Lapeer County | $255K | $280K | +9.8% |
| Macomb County | $230.7K | $252.9K | +9.6% |
| Wayne County | $177.7K | $190.7K | +7.3% |
| Oakland County | $330.7K | $349.2K | +5.6% |
| Saint Clair County | $219.2K | $230K | +4.9% |
Housing Supply in Macomb County, MI
How many homes are available in Macomb County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3,128 | 2,969 | -5.1% |
Summary: The Macomb County real estate market had 2,969 homes for sale in November 2024, a 5.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 50 | 50 | 0.0% |
| 2 Bedrooms | 729 | 692 | -5.1% |
| 3 Bedrooms | 1,601 | 1,501 | -6.2% |
| 4 Bedrooms | 665 | 640 | -3.8% |
| 5+ Bedrooms | 83 | 86 | +3.6% |
Summary: The Macomb County 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 decreased by 5.1%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 942 | 669 | -29.0% |
Asking Price vs. Sold Price
299 Homes Were Sold
Under Asking
150 Homes Were Sold
At Asking
220 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macomb County, you may be able to get a good deal. 44.7% of homes here sold below asking price last month.
Summary: A total of 669 homes were sold or pending in Macomb County in November 2024, down by 29.0% month-over-month. Of the 669 sold homes, 45% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Macomb County, MI
How long does it take to sell a home in Macomb County, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 31 Days | +16.3% |
Summary: Homes in Macomb County had an average of 31 days on market in Nov 2024, up by 16.3% compared to last year.
Breakdown of Home Sale Times
454 Homes Were Sold
Under 30 Days
174 Homes Were Sold
In 30 - 90 Days
40 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macomb County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 669 homes were sold in Macomb County; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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