$169,000
13.64 Acres
Land
#50157796, Keith Pionk, Listing Office: KMP Realty LLC
Is Mears, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Mears has remained a Seller's Market.
Key Takeaway
Mears is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mears, MI
How much do homes in Mears, MI cost?
Median Sold Price
$350,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,000(-4.6%)
Key Takeaway
Homes in Mears have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in Mears was $350,000 in October 2024, down 4.6% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $350K | N/A |
| 2 Bedrooms | $260K | $270K | +3.8% |
| 3 Bedrooms | $367K | $375K | +2.2% |
| 4 Bedrooms | $520K | $379.5K | -27.0% |
| 5+ Bedrooms | $592.5K | $950K | +60.3% |
Summary: Mears housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 27%, and 5+ bedroom homes increased by 60.3%.
Median Sold Price Compared To Nearby Cities
| Hart | $190.4K | $234.9K | +23.3% |
| Hart Township | $190.4K | $234.9K | +23.3% |
| Golden Township | $365K | $362.5K | -0.7% |
| Mears | $367K | $350K | -4.6% |
Housing Supply in Mears, MI
How many homes are available in Mears, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The Mears real estate market had 20 homes for sale in October 2024, a 13.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mears housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mears, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mears in October 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Mears, MI
How long does it take to sell a home in Mears, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 35 Days | -4.9% |
Summary: Homes in Mears had an average of 35 days on market in Oct 2024, down by 4.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mears are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Mears; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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.