$10,000 Closing Credit*
$1,150,000
1,736 SqFt
3 Beds
•3 Full Baths, 1 Partial
Sandi L Gentry, Listing Office: RE/MAX Lakeshore
Is Mears, 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, 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
$340,000
$163/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$42,550(+14.3%)
Key Takeaway
Homes in Mears have sold for 14.3% more than they did a month ago.
Summary: The median home sold price in Mears was $340,000 in November 2024, up 14.3% from last month, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $229.9K | $315K | +37.0% |
| 3 Bedrooms | $295K | $355K | +20.3% |
| 4 Bedrooms | $542K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Mears housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37%, 3 bedroom homes increased by 20.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mears | $297.4K | $340K | +14.3% |
| Golden Township | $297.4K | $340K | +14.3% |
Housing Supply in Mears, MI
How many homes are available in Mears, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Mears real estate market had 14 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mears housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mears, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mears in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 184 Days | +502.2% |
Summary: Homes in Mears had an average of 184 days on market in Nov 2024, up by 502.2% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mears are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in Mears; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
