Is Remus, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Remus is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Remus was a Neutral Market.

Key Takeaway

Remus is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Remus, MI

How much do homes in Remus, MI cost?

Median Sold Price

$346,000

$200/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$208,000(+150.7%)

Key Takeaway

Homes in Remus have sold for 150.7% more than they did a month ago.

Summary: The median home sold price in Remus was $346,000 in October 2024, up 150.7% from last month, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$346K
N/A
4 $138K-
N/A
5+ --
N/A

Summary: Remus 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Remus, MI

How many homes are available in Remus, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
710+42.9%

Summary: The Remus real estate market had 10 homes for sale in October 2024, a 42.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 67
+16.7%
4 12
+100.0%
5+ 00
0.0%

Summary: The Remus 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 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Remus, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Remus in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Remus, MI

How long does it take to sell a home in Remus, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
126 Days126 Days0.0%

Summary: Homes in Remus had an average of 126 days on market in Oct 2024, the same as last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Remus are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in Remus; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

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

Report Updated 17 Days Ago

Newest Listings in Remus, MI

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