$10,000 Closing Credit*
$2,500,000
4,962 SqFt
4 Beds
•2 Full Baths, 1 Partial
#50161495, JULIE BARR, Listing Office: KELLER WILLIAMS NM PENINSULA PARTNERS
Is Schoolcraft County, 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, Schoolcraft County was a Seller's Market.
Key Takeaway
Schoolcraft County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Schoolcraft County, MI
How much do homes in Schoolcraft County, MI cost?
Median Sold Price
$215,000
$150/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$75,000(-25.9%)
Key Takeaway
Homes in Schoolcraft County have sold for 25.9% less than they did a month ago.
Summary: The median home sold price in Schoolcraft County was $215,000 in October 2024, down 25.9% from last month, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | $114.2K | $285K | +149.5% |
| 3 Bedrooms | $290K | $181.8K | -37.3% |
| 4 Bedrooms | - | $157.5K | N/A |
| 5+ Bedrooms | $292.5K | - | N/A |
Summary: Schoolcraft County 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 increased by 149.5%, 3 bedroom homes decreased by 37.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Luce County | $76.5K | $160K | +109.2% |
| Delta County | $164K | $183K | +11.6% |
| Alger County | $212.5K | $217.5K | +2.4% |
| Schoolcraft County | $290K | $215K | -25.9% |
Housing Supply in Schoolcraft County, MI
How many homes are available in Schoolcraft County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 43 | +4.9% |
Summary: The Schoolcraft County real estate market had 43 homes for sale in October 2024, a 4.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Schoolcraft County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Schoolcraft County, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Schoolcraft County in October 2024, down by 22.2% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Schoolcraft County, MI
How long does it take to sell a home in Schoolcraft County, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 Days | 30 Days | -59.7% |
Summary: Homes in Schoolcraft County had an average of 30 days on market in Oct 2024, down by 59.7% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Schoolcraft County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Schoolcraft County; 57% of homes were sold within 30 days, 43% 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. 
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
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.