$250,000
40.00 Acres
Land
Blake Kenneth VerWoert, Listing Office: Wildlife Realty
Is Montague, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Montague was a Seller's Market.
Key Takeaway
Montague is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Montague, MI
How much do homes in Montague, MI cost?
Median Sold Price
$275,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,050(+17.5%)
Key Takeaway
Homes in Montague have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in Montague was $275,000 in October 2024, up 17.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $169.6K | $211.7K | +24.8% |
| 3 Bedrooms | $233.9K | $274.6K | +17.4% |
| 4 Bedrooms | $241K | $350K | +45.2% |
| 5+ Bedrooms | $369.9K | $331K | -10.5% |
Summary: Montague 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 increased by 24.8%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 45.2%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Montague Township | $233.9K | $275.6K | +17.8% |
| Montague | $233.9K | $275K | +17.5% |
| Whitehall | $291.2K | $317.5K | +9.0% |
Housing Supply in Montague, MI
How many homes are available in Montague, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Summary: The Montague real estate market had 28 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Montague 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 increased by 14.3%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montague, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Montague in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Montague, MI
How long does it take to sell a home in Montague, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 54 Days | +44.7% |
Summary: Homes in Montague had an average of 54 days on market in Oct 2024, up by 44.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Montague are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Montague; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
