$950 Closing Credit*
$80,000
1,656 SqFt
3 Beds
•1 Full Bath
Mark Hart, Listing Office: Hart Realty
Is Marlette, 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, Marlette was a Seller's Market.
Key Takeaway
Marlette is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marlette, MI
How much do homes in Marlette, MI cost?
Median Sold Price
$155,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,500(-4.6%)
Key Takeaway
Homes in Marlette have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in Marlette was $155,000 in October 2024, down 4.6% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | - | N/A |
| 2 Bedrooms | $131K | $90.5K | -30.9% |
| 3 Bedrooms | $168.5K | $155K | -8.0% |
| 4 Bedrooms | $160K | $165K | +3.1% |
| 5+ Bedrooms | $211.4K | $155K | -26.7% |
Summary: Marlette housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 30.9%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 26.7%.
Median Sold Price Compared To Nearby Cities
| Marlette | $162.5K | $155K | -4.6% |
| Marlette Township | $163.7K | $155K | -5.3% |
Housing Supply in Marlette, MI
How many homes are available in Marlette, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The Marlette real estate market had 15 homes for sale in October 2024, a 15.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marlette housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 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 Marlette, 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 Marlette in October 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 Marlette, MI
How long does it take to sell a home in Marlette, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 12 Days | +92.3% |
Summary: Homes in Marlette had an average of 12 days on market in Oct 2024, up by 92.3% 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 Marlette are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Marlette; 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.