$2,136 Closing Credit*
$179,900
1,248 SqFt
3 Beds
•2 Full Baths
Anthony Stancato, Listing Office: Keystone Home Group Realty LLC
Is Schoolcraft, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Schoolcraft has remained a Seller's Market.
Key Takeaway
Schoolcraft is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Schoolcraft, MI
How much do homes in Schoolcraft, MI cost?
Median Sold Price
$375,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, up 13.6% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $117.7K | $171K | +45.2% |
| 3 Bedrooms | $330K | $313K | -5.2% |
| 4 Bedrooms | $360K | $532K | +47.8% |
| 5+ Bedrooms | $515K | $462.2K | -10.2% |
Summary: Schoolcraft housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45.2%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 47.8%, and 5+ bedroom homes decreased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Schoolcraft | $330K | $375K | +13.6% |
| Schoolcraft Township | $310K | $296K | -4.5% |
Housing Supply in Schoolcraft, MI
How many homes are available in Schoolcraft, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The Schoolcraft real estate market had 14 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Schoolcraft housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Schoolcraft, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Schoolcraft in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 21 Days | +27.3% |
Summary: Homes in Schoolcraft had an average of 21 days on market in Nov 2024, up by 27.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 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 November 2024, 5 homes were sold in Schoolcraft; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
