$10,000 Closing Credit*
$1,025,000
2,905 SqFt
5 Beds
•2 Full Baths
Barbara R Carpenter, Listing Office: Golden Star Realty, Inc.
Is Marcellus, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$222,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,500(+23.6%)
Key Takeaway
Homes in Marcellus have sold for 23.6% more than they did a year ago.
Summary: The median home sold price in Marcellus was $222,500 in November 2024, up 23.6% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $412.5K | +135.7% |
| 2 Bedrooms | $199.9K | $167.5K | -16.2% |
| 3 Bedrooms | $170K | $222.5K | +30.9% |
| 4 Bedrooms | $355K | $206.5K | -41.8% |
| 5+ Bedrooms | $191K | $507.5K | +165.7% |
Summary: Marcellus housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 135.7%, 2 bedroom homes decreased by 16.2%, 3 bedroom homes increased by 30.9%, 4 bedroom homes decreased by 41.8%, and 5+ bedroom homes increased by 165.7%.
Median Sold Price Compared To Nearby Cities
| Marcellus | $180K | $222.5K | +23.6% |
| Marcellus Township | $180K | $220K | +22.2% |
Housing Supply in Marcellus, MI
How many homes are available in Marcellus, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The Marcellus real estate market had 16 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Marcellus housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marcellus, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Marcellus in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 16 Days | +2.1% |
Summary: Homes in Marcellus had an average of 16 days on market in Nov 2024, up by 2.1% 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 November 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.
