$4,453 Closing Credit*
$375,000
1,668 SqFt
4 Beds
•2 Full Baths
#50161282, JENNIFER COSCO, Listing Office: SELECT REALTY
Is Marquette, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Marquette has remained a Seller's Market.
Key Takeaway
Marquette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marquette, MI
How much do homes in Marquette, MI cost?
Median Sold Price
$320,000
$235/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$2,000(-0.6%)
Key Takeaway
Homes in Marquette have sold for 0.6% less than they did a month ago.
Summary: The median home sold price in Marquette was $320,000 in October 2024, down 0.6% from last month, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $252.5K | $250K | -1.0% |
| 3 Bedrooms | $271K | $303.9K | +12.2% |
| 4 Bedrooms | $366.7K | $460.4K | +25.5% |
| 5+ Bedrooms | $410K | $355K | -13.4% |
Summary: Marquette housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes decreased by 13.4%.
Median Sold Price Compared To Nearby Cities
| Marquette | $322K | $320K | -0.6% |
| Marquette Charter Township | $322K | $320K | -0.6% |
| Sands Township | $337.7K | $215K | -36.3% |
Housing Supply in Marquette, MI
How many homes are available in Marquette, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 80 | -10.1% |
Summary: The Marquette real estate market had 80 homes for sale in October 2024, a 10.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 14 | -26.3% |
| 3 Bedrooms | 30 | 24 | -20.0% |
| 4 Bedrooms | 24 | 28 | +16.7% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The Marquette 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 decreased by 26.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 21 | -22.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marquette, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Marquette in October 2024, down by 22.2% month-over-month. Of the 21 sold homes, 43% were sold under asking, 5% were sold at asking, and 52% were sold over asking.
Days on Market for Marquette, MI
How long does it take to sell a home in Marquette, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 28 Days | +19.7% |
Summary: Homes in Marquette had an average of 28 days on market in Oct 2024, up by 19.7% compared to last month.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Marquette are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in Marquette; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% 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.