$1,899 Closing Credit*
$159,900
858 SqFt
1 Bed
•1 Full Bath
Rebecca Wicks, Listing Office: CK Home Group
Is Marcellus Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Marcellus Township has remained a Seller's Market.
Key Takeaway
Marcellus Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marcellus Township, MI
How much do homes in Marcellus Township, MI cost?
Median Sold Price
$220,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+22.2%)
Key Takeaway
Homes in Marcellus Township have sold for 22.2% more than they did a year ago.
Summary: The median home sold price in Marcellus Township was $220,000 in October 2024, up 22.2% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $114K | -34.9% |
| 2 Bedrooms | $169.9K | $183K | +7.7% |
| 3 Bedrooms | $173K | $225K | +30.1% |
| 4 Bedrooms | $325K | $214.9K | -33.9% |
| 5+ Bedrooms | $191K | $507.5K | +165.7% |
Summary: Marcellus Township 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 increased by 7.7%, 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
| Flowerfield Township | $228.7K | $293K | +28.1% |
| Marcellus Township | $180K | $220K | +22.2% |
| Marcellus | $180K | $220K | +22.2% |
| Porter Township | $350K | $332K | -5.1% |
Housing Supply in Marcellus Township, MI
How many homes are available in Marcellus Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Marcellus Township real estate market had 17 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Marcellus Township 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 remained the same, 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 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marcellus Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Marcellus Township in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Marcellus Township, MI
How long does it take to sell a home in Marcellus Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 6 Days | -82.2% |
Summary: Homes in Marcellus Township had an average of 6 days on market in Oct 2024, down by 82.2% compared to last year.
Breakdown of Home Sale Times
3 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Marcellus Township; 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.
