$70,000
3.61 Acres
Land
Clint Burghdorf, Listing Office: Berkshire Hathaway HomeServices Michigan Real Esta
Is Marcellus, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Marcellus was a Seller's Market.
Key Takeaway
Marcellus is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marcellus, MI
How much do homes in Marcellus, MI cost?
Median Sold Price
$220,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+22.2%)
Key Takeaway
Homes in Marcellus have sold for 22.2% more than they did a year ago.
Summary: The median home sold price in Marcellus was $220,000 in October 2024, up 22.2% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $114K | -34.9% |
| 2 Bedrooms | $169.9K | $167.5K | -1.4% |
| 3 Bedrooms | $173K | $225K | +30.1% |
| 4 Bedrooms | $325K | $214.9K | -33.9% |
| 5+ Bedrooms | $191K | $507.5K | +165.7% |
Summary: Marcellus housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.9%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 30.1%, 4 bedroom homes decreased by 33.9%, and 5+ bedroom homes increased by 165.7%.
Median Sold Price Compared To Nearby Cities
| Marcellus | $180K | $220K | +22.2% |
| Marcellus Township | $180K | $220K | +22.2% |
Housing Supply in Marcellus, MI
How many homes are available in Marcellus, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The Marcellus real estate market had 16 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Marcellus housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Marcellus, 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 Marcellus in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Marcellus, MI
How long does it take to sell a home in Marcellus, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 9 Days | -75.9% |
Summary: Homes in Marcellus had an average of 9 days on market in Oct 2024, down by 75.9% compared to last year.
Breakdown of Home Sale Times
2 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 Marcellus are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Marcellus; 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.
