$25,000
2.87 Acres
Land
#50164169, Charles Nantroup, Listing Office: Town & Country Realty-Lexington
Housing Prices in Melvin, MI
How much do homes in Melvin, MI cost?
Median List Price
$267,450
$122/sqft
Based on all homes listed in the last 12 months.
Difference Since December 2023
+$47,450(+21.6%)
Key Takeaway
The list price of homes in Melvin has increased by 21.6% since last year.
Summary: The median home list price in Melvin was $267,450 in December 2024, up 21.6% from the previous year, and the median price per square foot was $122.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $94.5K | -52.8% |
| 3 Bedrooms | $209.9K | $295K | +40.5% |
| 4 Bedrooms | $222.4K | $227.2K | +2.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Melvin housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 52.8%, 3 bedroom homes increased by 40.5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Speaker Township | $210K | $267.4K | +27.4% |
| Melvin | $220K | $267.4K | +21.6% |
Housing Supply in Melvin, MI
How many homes are available in Melvin, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Summary: The Melvin real estate market had 4 homes for sale in December 2024, a 33.3% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Melvin housing inventory by bedroom type for December 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 increased by 50%, and 5+ bedroom homes remained the same.
Days on Market for Melvin, MI
How long does it take to sell a home in Melvin, MI?
Average Listing Age
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 64 Days | 91 Days | +41.9% |
Summary: Homes in Melvin had an average listing age of 91 days in Dec 2024, up by 41.9% compared to the previous year.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.