$1,186 Closing Credit*
$99,900
1,020 SqFt
2 Beds
•1 Full Bath
#50160603, BRADLEY ARGALL, Listing Office: RE/MAX 1ST REALTY
Is Negaunee, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Negaunee was a Neutral Market.
Key Takeaway
Negaunee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Negaunee, MI
How much do homes in Negaunee, MI cost?
Median Sold Price
$218,000
$168/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$52,000(-19.3%)
Key Takeaway
Homes in Negaunee have sold for 19.3% less than they did a month ago.
Summary: The median home sold price in Negaunee was $218,000 in October 2024, down 19.3% from last month, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $201.5K | N/A |
| 3 Bedrooms | $275K | $197.9K | -28.0% |
| 4 Bedrooms | $258.7K | $285.5K | +10.3% |
| 5+ Bedrooms | $224K | $490K | +118.8% |
Summary: Negaunee 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 decreased by 28%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 118.8%.
Median Sold Price Compared To Nearby Cities
| Richmond Township | $230K | $295K | +28.3% |
| Negaunee | $270K | $218K | -19.3% |
| Negaunee Township | $270K | $218K | -19.3% |
Housing Supply in Negaunee, MI
How many homes are available in Negaunee, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 33 | +13.8% |
Summary: The Negaunee real estate market had 33 homes for sale in October 2024, a 13.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Negaunee 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 60%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 12 | +140.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Negaunee, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Negaunee in October 2024, up by 140.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Negaunee, MI
How long does it take to sell a home in Negaunee, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 10 Days | +2.2% |
Summary: Homes in Negaunee had an average of 10 days on market in Oct 2024, up by 2.2% compared to last month.
Breakdown of Home Sale Times
11 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 Negaunee are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Negaunee; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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.