$4,602 Closing Credit*
$387,500
3,283 SqFt
5 Beds
•3 Full Baths
#50163395, MELISSA LEHTOMAKI, Listing Office: RE/MAX 1ST REALTY
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
$248,250
$232/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$11,000(+4.6%)
Key Takeaway
Homes in Marquette County have sold for 4.6% more than they did a month ago.
Summary: The median home sold price in Marquette County was $248,250 in November 2024, up 4.6% from last month, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.5K | $135K | -19.4% |
| 2 Bedrooms | $212K | $220K | +3.8% |
| 3 Bedrooms | $236.1K | $210K | -11.1% |
| 4 Bedrooms | $351K | $462K | +31.6% |
| 5+ Bedrooms | $376.1K | $285K | -24.2% |
Summary: Marquette County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 19.4%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes decreased by 24.2%.
Median Sold Price Compared To Nearby Counties
| Dickinson County | $139.9K | $200K | +43.0% |
| Alger County | $217.5K | $269.5K | +23.9% |
| Baraga County | $98.5K | $121K | +22.8% |
| Marquette County | $237.2K | $248.2K | +4.6% |
| Iron County | $112.5K | $110K | -2.2% |
Housing Supply in Marquette County, MI
How many homes are available in Marquette County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 210 | 191 | -9.0% |
Summary: The Marquette County real estate market had 191 homes for sale in November 2024, a 9.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 47 | 38 | -19.1% |
| 3 Bedrooms | 83 | 84 | +1.2% |
| 4 Bedrooms | 52 | 46 | -11.5% |
| 5+ Bedrooms | 24 | 20 | -16.7% |
Summary: The Marquette County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 19.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 42 | -27.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 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. 50% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Marquette County in November 2024, down by 27.6% month-over-month. Of the 42 sold homes, 50% were sold under asking, 10% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 38 Days | +26.9% |
Summary: Homes in Marquette County had an average of 38 days on market in Nov 2024, up by 26.9% compared to last month.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 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 November 2024, 42 homes were sold in Marquette County; 60% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% 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.