$1,306 Closing Credit*
$110,000
1,049 SqFt
3 Beds
•1 Full Bath
William Parr, Listing Office: REALTEAM Real Estate
Is North, 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, North has remained a Seller's Market.
Key Takeaway
North is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North, MI
How much do homes in North, MI cost?
Median Sold Price
$124,999
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,849(+8.6%)
Key Takeaway
Homes in North have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in North was $124,999 in October 2024, up 8.6% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93K | $130K | +39.8% |
| 2 Bedrooms | $42.5K | $55K | +29.4% |
| 3 Bedrooms | $106.3K | $120.5K | +13.4% |
| 4 Bedrooms | $145K | $151K | +4.1% |
| 5+ Bedrooms | $297.5K | $280K | -5.9% |
Summary: North housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.8%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Pembroke | $95K | $115K | +21.1% |
| North | $115.1K | $124.9K | +8.6% |
| Bagley Community | $184K | $199K | +8.2% |
| Bagley | $159.5K | $167K | +4.7% |
Housing Supply in North, MI
How many homes are available in North, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 415 | 444 | +7.0% |
Summary: The North real estate market had 444 homes for sale in October 2024, a 7.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 28 | 33 | +17.9% |
| 3 Bedrooms | 274 | 297 | +8.4% |
| 4 Bedrooms | 74 | 78 | +5.4% |
| 5+ Bedrooms | 38 | 35 | -7.9% |
Summary: The North 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 17.9%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 7.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 75 | -6.3% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North, you may be able to get a good deal. 54.7% of homes here sold below asking price last month.
Summary: A total of 75 homes were sold or pending in North in October 2024, down by 6.3% month-over-month. Of the 75 sold homes, 55% were sold under asking, 19% were sold at asking, and 27% were sold over asking.
Days on Market for North, MI
How long does it take to sell a home in North, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 37 Days | -13.9% |
Summary: Homes in North had an average of 37 days on market in Oct 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 75 homes were sold in North; 57% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 8% 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.