$2,672 Closing Credit*
$225,000
1,428 SqFt
3 Beds
•2 Baths
Barry Fall, Listing Office: ERA Greater North Properties
Is Missaukee County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$230,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,500(+11.4%)
Key Takeaway
Homes in Missaukee County have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Missaukee County was $230,000 in November 2024, up 11.4% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.9K | $204K | +126.9% |
| 2 Bedrooms | $142.5K | $165K | +15.8% |
| 3 Bedrooms | $210K | $235K | +11.9% |
| 4 Bedrooms | $214.9K | $300K | +39.6% |
| 5+ Bedrooms | $226K | $273.7K | +21.1% |
Summary: Missaukee County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 126.9%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 39.6%, and 5+ bedroom homes increased by 21.1%.
Median Sold Price Compared To Nearby Counties
| Wexford County | $199.4K | $225K | +12.8% |
| Missaukee County | $206.5K | $230K | +11.4% |
| Osceola County | $165K | $183K | +10.9% |
| Roscommon County | $172.5K | $184.8K | +7.1% |
| Clare County | $135K | $141.8K | +5.1% |
Housing Supply in Missaukee County, MI
How many homes are available in Missaukee County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 53 | -18.5% |
Summary: The Missaukee County real estate market had 53 homes for sale in November 2024, a 18.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 9 | -40.0% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Missaukee County 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 decreased by 40%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 12 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 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. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Missaukee County in November 2024, down by 33.3% month-over-month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 66 Days | 75 Days | +12.5% |
Summary: Homes in Missaukee County had an average of 75 days on market in Nov 2024, up by 12.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Missaukee County has remained consistent over time.
Summary: During November 2024, 12 homes were sold in Missaukee County; 0% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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