$4,749 Closing Credit*
$399,900
1,810 SqFt
3 Beds
•1 Full Bath, 1 Partial
Tamara McLeod Helsel, Listing Office: City2Shore Real Estate Northern Michigan
Is Missaukee County, 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, Missaukee County has remained a Seller's Market.
Key Takeaway
Missaukee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Missaukee County, MI
How much do homes in Missaukee County, MI cost?
Median Sold Price
$226,950
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,700(+7.9%)
Key Takeaway
Homes in Missaukee County have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Missaukee County was $226,950 in October 2024, up 7.9% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $219.4K | N/A |
| 2 Bedrooms | $210K | $161.7K | -23.0% |
| 3 Bedrooms | $215K | $235K | +9.3% |
| 4 Bedrooms | $200K | $290K | +45.0% |
| 5+ Bedrooms | $193K | $273.7K | +41.8% |
Summary: Missaukee County 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 decreased by 23%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 45%, and 5+ bedroom homes increased by 41.8%.
Median Sold Price Compared To Nearby Counties
| Wexford County | $202K | $223.2K | +10.5% |
| Clare County | $133K | $146.4K | +10.1% |
| Osceola County | $165K | $180K | +9.1% |
| Roscommon County | $170K | $183.6K | +8.0% |
| Missaukee County | $210.2K | $226.9K | +7.9% |
Housing Supply in Missaukee County, MI
How many homes are available in Missaukee County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 67 | -10.7% |
Summary: The Missaukee County real estate market had 67 homes for sale in October 2024, a 10.7% 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 | 15 | -21.1% |
| 3 Bedrooms | 35 | 29 | -17.1% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Missaukee County 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 21.1%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Missaukee County, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Missaukee County in October 2024, down by 20.0% month-over-month. Of the 16 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Missaukee County, MI
How long does it take to sell a home in Missaukee County, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 77 Days | 77 Days | -0.6% |
Summary: Homes in Missaukee County had an average of 77 days on market in Oct 2024, down by 0.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Missaukee County has remained consistent over time.
Summary: During October 2024, 16 homes were sold in Missaukee County; 13% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.