$2,553 Closing Credit*
$215,000
1,008 SqFt
2 Beds
•1 Full Bath
Wendy A. Williams, Listing Office: Real Estate One Lewiston
Is Montmorency County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Montmorency County was a Seller's Market.
Key Takeaway
Montmorency County 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 Montmorency County, MI
How much do homes in Montmorency County, MI cost?
Median Sold Price
$170,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,000(+8.3%)
Key Takeaway
Homes in Montmorency County have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Montmorency County was $170,000 in November 2024, up 8.3% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78K | $95K | +21.8% |
| 2 Bedrooms | $128.5K | $145K | +12.8% |
| 3 Bedrooms | $195K | $185K | -5.1% |
| 4 Bedrooms | $280K | $285K | +1.8% |
| 5+ Bedrooms | $454.5K | $660K | +45.2% |
Summary: Montmorency County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 12.8%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 45.2%.
Median Sold Price Compared To Nearby Counties
| Oscoda County | $112K | $130K | +16.1% |
| Alpena County | $146.9K | $170K | +15.7% |
| Montmorency County | $157K | $170K | +8.3% |
| Otsego County | $249.4K | $262.6K | +5.3% |
| Presque Isle County | $189.9K | $189.5K | -0.2% |
Housing Supply in Montmorency County, MI
How many homes are available in Montmorency County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 117 | 98 | -16.2% |
Summary: The Montmorency County real estate market had 98 homes for sale in November 2024, a 16.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 36 | 30 | -16.7% |
| 3 Bedrooms | 51 | 46 | -9.8% |
| 4 Bedrooms | 19 | 12 | -36.8% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Montmorency County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 36.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 14 | -51.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 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. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Montmorency County in November 2024, down by 51.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 36% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 2 Days | -96.3% |
Summary: Homes in Montmorency County had an average of 2 days on market in Nov 2024, down by 96.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were 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 November 2024, 14 homes were sold in Montmorency County; 7% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.