$199,000
0.13 Acres
Land
#50163217, CARRIE TORETTA-PARTELLO, Listing Office: COLDWELL BANKER REAL ESTATE GROUP
Is Marquette Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Marquette Township has remained a Seller's Market.
Key Takeaway
Marquette Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marquette Township, MI
How much do homes in Marquette Township, MI cost?
Median Sold Price
$337,500
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,500(+12.5%)
Key Takeaway
Homes in Marquette Township have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Marquette Township was $337,500 in November 2024, up 12.5% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105.2K | - | N/A |
| 2 Bedrooms | $322.7K | $262.5K | -18.7% |
| 3 Bedrooms | $282.5K | $313.5K | +11.0% |
| 4 Bedrooms | $339.9K | $403.5K | +18.7% |
| 5+ Bedrooms | $339K | $390K | +15.0% |
Summary: Marquette Township 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 18.7%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 15%.
Housing Supply in Marquette Township, MI
How many homes are available in Marquette Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 74 | -9.8% |
Summary: The Marquette Township 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 Township 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 Township, 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 Township 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 Township, MI
How long does it take to sell a home in Marquette Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 33 Days | +135.4% |
Summary: Homes in Marquette Township had an average of 33 days on market in Nov 2024, up by 135.4% compared to last year.
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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Marquette Township; 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.