$4,453 Closing Credit*
$375,000
1,668 SqFt
4 Beds
•2 Full Baths
#50161282, JENNIFER COSCO, Listing Office: SELECT REALTY
Is Marquette Township, 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 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
$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 Township have sold for 0.6% less than they did a month ago.
Summary: The median home sold price in Marquette Township 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 Township 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%.
Housing Supply in Marquette Township, MI
How many homes are available in Marquette Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 80 | -10.1% |
Summary: The Marquette Township 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 Township 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 Township, 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 Township 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 Township, MI
How long does it take to sell a home in Marquette Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 28 Days | +19.7% |
Summary: Homes in Marquette Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in Marquette Township; 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.