$1,246 Closing Credit*
$104,900
1,199 SqFt
2 Beds
•1 Full Bath
SHARON A. NORTON, Listing Office: RE/MAX MID-MICHIGAN R.E.
Is Munith, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Munith has remained a Seller's Market.
Key Takeaway
Munith is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Munith, MI
How much do homes in Munith, MI cost?
Median Sold Price
$352,000
$201/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$279,025(+382.4%)
Key Takeaway
Homes in Munith have sold for 382.4% more than they did a month ago.
Summary: The median home sold price in Munith was $352,000 in October 2024, up 382.4% from last month, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $72.9K | $356.5K | +388.5% |
| 4 Bedrooms | $201.5K | $345K | +71.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Munith housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 388.5%, 4 bedroom homes increased by 71.2%, and 5+ bedroom homes did not change.
Housing Supply in Munith, MI
How many homes are available in Munith, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Summary: The Munith real estate market had 5 homes for sale in October 2024, a 37.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Munith housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Munith, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Munith in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Munith, MI
How long does it take to sell a home in Munith, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 86 Days | 28 Days | -67.2% |
Summary: Homes in Munith had an average of 28 days on market in Oct 2024, down by 67.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Munith has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Munith; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
