$3,741 Closing Credit*
$315,000
1,886 SqFt
3 Beds
•2 Full Baths, 1 Partial
#50162527, Chris Halpin, Listing Office: RE/MAX First
Is Marine City, 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, Marine City has remained a Seller's Market.
Key Takeaway
Marine City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marine City, MI
How much do homes in Marine City, MI cost?
Median Sold Price
$182,500
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,000(+10.9%)
Key Takeaway
Homes in Marine City have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Marine City was $182,500 in November 2024, up 10.9% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93.5K | $110K | +17.6% |
| 2 Bedrooms | $177.4K | $182.5K | +2.8% |
| 3 Bedrooms | $172K | $170K | -1.2% |
| 4 Bedrooms | $174K | $251K | +44.3% |
| 5+ Bedrooms | $265K | $295K | +11.3% |
Summary: Marine City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 44.3%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
| East China | $337.5K | $395K | +17.0% |
| Marine City | $164.5K | $182.5K | +10.9% |
| East China Township | $330K | $290K | -12.1% |
Housing Supply in Marine City, MI
How many homes are available in Marine City, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Summary: The Marine City real estate market had 21 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Marine City 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marine City, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Marine City in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 31 Days | +144.7% |
Summary: Homes in Marine City had an average of 31 days on market in Nov 2024, up by 144.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 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 November 2024, 5 homes were sold in Marine City; 60% of homes were sold within 30 days, 40% 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.