$1,887 Closing Credit*
$158,900
1,084 SqFt
2 Beds
•2 Full Baths
Shawn E Huston, Listing Office: Huston Real Estate, Inc.
Is Montmorency 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, Montmorency County has remained a Seller's Market.
Key Takeaway
Montmorency County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montmorency County, MI
How much do homes in Montmorency County, MI cost?
Median Sold Price
$165,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+6.5%)
Key Takeaway
Homes in Montmorency County have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Montmorency County was $165,000 in October 2024, up 6.5% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80.2K | $95K | +18.4% |
| 2 Bedrooms | $129K | $134.9K | +4.6% |
| 3 Bedrooms | $187.8K | $189.5K | +0.9% |
| 4 Bedrooms | $290K | $285K | -1.7% |
| 5+ Bedrooms | $220K | $680K | +209.1% |
Summary: Montmorency County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 209.1%.
Median Sold Price Compared To Nearby Counties
| Alpena County | $143.6K | $169.3K | +17.9% |
| Oscoda County | $111.5K | $128K | +14.8% |
| Presque Isle County | $180K | $195K | +8.3% |
| Montmorency County | $155K | $165K | +6.5% |
| Otsego County | $246.8K | $260K | +5.3% |
Housing Supply in Montmorency County, MI
How many homes are available in Montmorency County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 131 | 133 | +1.5% |
Summary: The Montmorency County real estate market had 133 homes for sale in October 2024, a 1.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 42 | 39 | -7.1% |
| 3 Bedrooms | 57 | 59 | +3.5% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Montmorency 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 7.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 29 | +61.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montmorency County, you may be able to get a good deal. 58.6% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Montmorency County in October 2024, up by 61.1% month-over-month. Of the 29 sold homes, 59% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for Montmorency County, MI
How long does it take to sell a home in Montmorency County, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 27 Days | -39.4% |
Summary: Homes in Montmorency County had an average of 27 days on market in Oct 2024, down by 39.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montmorency County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in Montmorency County; 7% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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