$199,000
0.13 Acres
Land
#50163217, CARRIE TORETTA-PARTELLO, Listing Office: COLDWELL BANKER REAL ESTATE GROUP
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
$389,000
$304/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$69,000(+21.6%)
Key Takeaway
Homes in Marquette have sold for 21.6% more than they did a month ago.
Summary: The median home sold price in Marquette was $389,000 in November 2024, up 21.6% from last month, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $239.5K | $276.8K | +15.6% |
| 3 Bedrooms | $303.9K | $389K | +28.0% |
| 4 Bedrooms | $460.4K | $504.2K | +9.5% |
| 5+ Bedrooms | $362.2K | $655K | +80.8% |
Summary: Marquette housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 80.8%.
Median Sold Price Compared To Nearby Cities
| Sands Township | $215K | $502K | +133.5% |
| Marquette | $320K | $389K | +21.6% |
Housing Supply in Marquette, MI
How many homes are available in Marquette, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 74 | -9.8% |
Summary: The Marquette real estate market had 74 homes for sale in November 2024, a 9.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 14 | 11 | -21.4% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 30 | 30 | 0.0% |
| 5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The Marquette housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marquette, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Marquette in November 2024, down by 17.4% month-over-month. Of the 19 sold homes, 47% were sold under asking, 5% were sold at asking, and 47% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 33 Days | +28.3% |
Summary: Homes in Marquette had an average of 33 days on market in Nov 2024, up by 28.3% compared to last month.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marquette are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Marquette; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% 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.