$1,841 Closing Credit*
$155,000
1,000 SqFt
2 Beds
•1 Full Bath
Jenn Hines, 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 November 2023
At the same time last year, Marlette was a Seller's Market.
Key Takeaway
Marlette is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Marlette, MI
How much do homes in Marlette, MI cost?
Median Sold Price
$153,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,000(-6.1%)
Key Takeaway
Homes in Marlette have sold for 6.1% less than they did a year ago.
Summary: The median home sold price in Marlette was $153,000 in November 2024, down 6.1% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | - | N/A |
| 2 Bedrooms | $147K | $54K | -63.3% |
| 3 Bedrooms | $168.5K | $151.5K | -10.1% |
| 4 Bedrooms | $160K | $168K | +5.0% |
| 5+ Bedrooms | $211.4K | $155K | -26.7% |
Summary: Marlette housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 63.3%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 26.7%.
Median Sold Price Compared To Nearby Cities
| Marlette | $163K | $153K | -6.1% |
| Marlette Township | $164K | $153K | -6.7% |
Housing Supply in Marlette, MI
How many homes are available in Marlette, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The Marlette real estate market had 14 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marlette 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 increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
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 November 2024, the same as the previous 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 63 Days | 40 Days | -36.5% |
Summary: Homes in Marlette had an average of 40 days on market in Nov 2024, down by 36.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Marlette has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Marlette; 0% of homes were sold within 30 days, 100% 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.