$325,000
1.40 Acres
Land
#50157295, LYNNE GILES, Listing Office: GROVER REAL ESTATE
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
Since last month, Schoolcraft County has remained a Seller's Market.
Key Takeaway
Schoolcraft County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Schoolcraft County, MI
How much do homes in Schoolcraft County, MI cost?
Median Sold Price
$132,500
$98/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$89,400(-40.3%)
Key Takeaway
Homes in Schoolcraft County have sold for 40.3% less than they did a month ago.
Summary: The median home sold price in Schoolcraft County was $132,500 in December 2024, down 40.3% from last month, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $207.7K | -48.1% |
| 2 Bedrooms | $194K | $152K | -21.6% |
| 3 Bedrooms | $272K | $70K | -74.3% |
| 4 Bedrooms | - | $141.2K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Schoolcraft County housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 48.1%, 2 bedroom homes decreased by 21.6%, 3 bedroom homes decreased by 74.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Mackinac County | $185K | $355K | +91.9% |
| Delta County | $169K | $181.5K | +7.4% |
| Alger County | $197K | $140K | -28.9% |
| Schoolcraft County | $221.9K | $132.5K | -40.3% |
Housing Supply in Schoolcraft County, MI
How many homes are available in Schoolcraft County, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 43 | 38 | -11.6% |
Summary: The Schoolcraft County real estate market had 38 homes for sale in December 2024, a 11.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 14 | 11 | -21.4% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Schoolcraft County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were 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. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Schoolcraft County in December 2024, up by 22.2% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 22 Days | 87 Days | +287.6% |
Summary: Homes in Schoolcraft County had an average of 87 days on market in Dec 2024, up by 287.6% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 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 December 2024, 11 homes were sold in Schoolcraft County; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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