Is Mullett Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mullett Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Mullett Township has remained a Seller's Market.

Key Takeaway

Mullett Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mullett Township, MI

How much do homes in Mullett Township, MI cost?

Median Sold Price

$650,000

$303/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$506,000(+351.4%)

Key Takeaway

Homes in Mullett Township have sold for 351.4% more than they did a month ago.

Summary: The median home sold price in Mullett Township was $650,000 in November 2024, up 351.4% from last month, and the median price per square foot was $303.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $130K$180K
+38.5%
2 $121.2K-
N/A
3 --
N/A
4 -$650K
N/A
5+ $324K-
N/A

Summary: Mullett Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 38.5%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Mullett Township, MI

How many homes are available in Mullett Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
139-30.8%

Summary: The Mullett Township real estate market had 9 homes for sale in November 2024, a 30.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 31
-66.7%
3 33
0.0%
4 33
0.0%
5+ 21
-50.0%

Summary: The Mullett Township 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mullett Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Mullett Township in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Mullett Township, MI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Mullett Township, MI

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