Is Millersburg, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Millersburg is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Millersburg was a Buyer's Market.

Key Takeaway

Millersburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Millersburg, MI

How much do homes in Millersburg, MI cost?

Median Sold Price

$128,000

$142/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$8,000(+6.7%)

Key Takeaway

Homes in Millersburg have sold for 6.7% more than they did a month ago.

Summary: The median home sold price in Millersburg was $128,000 in November 2024, up 6.7% from last month, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$126.5K
N/A
2 -$62.5K
N/A
3 $120K$183.5K
+52.9%
4 --
N/A
5+ --
N/A

Summary: Millersburg 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 did not change, 3 bedroom homes increased by 52.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Case Township
+18.8%
Millersburg
+6.7%

Housing Supply in Millersburg, MI

How many homes are available in Millersburg, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1417+21.4%

Summary: The Millersburg real estate market had 17 homes for sale in November 2024, a 21.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 46
+50.0%
3 76
-14.3%
4 00
0.0%
5+ 02
+100.0%

Summary: The Millersburg 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 increased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Millersburg, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Millersburg in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Millersburg, MI

How long does it take to sell a home in Millersburg, MI?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Millersburg has remained consistent over time.

Summary: During November 2024, 5 homes were sold in Millersburg; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Millersburg, MI

Nearby Markets to Millersburg, MI

What housing markets are near Millersburg, MI?