$55,000
0.70 Acres
Land
#50161578, KINGSLEY AGASSI, Listing Office: GREAT LAKES & LAND OF MARQUETTE, INC.
Is Marquette County, 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 County has remained a Seller's Market.
Key Takeaway
Marquette County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marquette County, MI
How much do homes in Marquette County, MI cost?
Median Sold Price
$239,500
$202/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$5,500(-2.2%)
Key Takeaway
Homes in Marquette County have sold for 2.2% less than they did a month ago.
Summary: The median home sold price in Marquette County was $239,500 in October 2024, down 2.2% from last month, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $167.5K | +86.1% |
| 2 Bedrooms | $233.3K | $215K | -7.9% |
| 3 Bedrooms | $237.3K | $236.1K | -0.5% |
| 4 Bedrooms | $326K | $364.9K | +11.9% |
| 5+ Bedrooms | $370K | $390K | +5.4% |
Summary: Marquette County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 86.1%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Counties
| Dickinson County | $139.7K | $147.9K | +5.9% |
| Iron County | $107.5K | $112.5K | +4.7% |
| Alger County | $212.5K | $217.5K | +2.4% |
| Marquette County | $245K | $239.5K | -2.2% |
| Baraga County | $165K | $98.5K | -40.3% |
Housing Supply in Marquette County, MI
How many homes are available in Marquette County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 217 | 210 | -3.2% |
Summary: The Marquette County real estate market had 210 homes for sale in October 2024, a 3.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 50 | 50 | 0.0% |
| 3 Bedrooms | 90 | 85 | -5.6% |
| 4 Bedrooms | 49 | 49 | 0.0% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Marquette County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 53 | -7.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marquette County, you may be able to get a good deal. 45.3% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Marquette County in October 2024, down by 7.0% month-over-month. Of the 53 sold homes, 45% were sold under asking, 15% were sold at asking, and 40% were sold over asking.
Days on Market for Marquette County, MI
How long does it take to sell a home in Marquette County, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 32 Days | +43.5% |
Summary: Homes in Marquette County had an average of 32 days on market in Oct 2024, up by 43.5% compared to last month.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marquette County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 53 homes were sold in Marquette County; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% 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. 
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.