$109,000
5.07 Acres
Land
Tami Wolthuis, Listing Office: Jaqua, REALTORS
Is Schoolcraft, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Schoolcraft was a Seller's Market.
Key Takeaway
Schoolcraft is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Schoolcraft, MI
How much do homes in Schoolcraft, MI cost?
Median Sold Price
$375,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+13.6%)
Key Takeaway
Homes in Schoolcraft have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in Schoolcraft was $375,000 in October 2024, up 13.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $117.7K | $170K | +44.3% |
| 3 Bedrooms | $330K | $338.5K | +2.6% |
| 4 Bedrooms | $360K | $524K | +45.6% |
| 5+ Bedrooms | $515K | $462.2K | -10.2% |
Summary: Schoolcraft housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 45.6%, and 5+ bedroom homes decreased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Schoolcraft | $330K | $375K | +13.6% |
| Schoolcraft Township | $306K | $297.4K | -2.8% |
Housing Supply in Schoolcraft, MI
How many homes are available in Schoolcraft, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Summary: The Schoolcraft real estate market had 17 homes for sale in October 2024, a 30.8% 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 | 0 | 2 | +100.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Schoolcraft 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 75%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Schoolcraft, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Schoolcraft in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Schoolcraft, MI
How long does it take to sell a home in Schoolcraft, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 7 Days | -47.0% |
Summary: Homes in Schoolcraft had an average of 7 days on market in Oct 2024, down by 47% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Schoolcraft are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Schoolcraft; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
