Is Marine City, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Marine City was a Seller's Market.
Key Takeaway
Marine City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marine City, MI
How much do homes in Marine City, MI cost?
Median Sold Price
$179,900
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Marine City have sold for 20.3% more than they did a year ago.
Summary: The median home sold price in Marine City was $179,900 in May 2024, up 20.3% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93.5K | $22.5K | -75.9% |
| 2 Bedrooms | $146.5K | $182.5K | +24.6% |
| 3 Bedrooms | $164.5K | $175.9K | +7.0% |
| 4 Bedrooms | $132.5K | $200K | +50.9% |
| 5+ Bedrooms | - | $197.5K | N/A |
Summary: Marine City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.9%, 2 bedroom homes increased by 24.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 50.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Marine City | $149.5K | $179.9K | +20.3% |
| East China | $335K | $315K | -6.0% |
| East China Township | $335K | $289K | -13.7% |
Housing Supply in Marine City, MI
How many homes are available in Marine City, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Summary: The Marine City real estate market had 16 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Marine City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 300%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Marine City, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Marine City in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Marine City, MI
How long does it take to sell a home in Marine City, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 75 Days | 10 Days | -86.8% |
Summary: Homes in Marine City had an average of 10 days on market in May 2024, down by 86.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marine City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Marine City; 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.