$1,936 Closing Credit*
$163,000
864 SqFt
3 Beds
•2 Full Baths
Robin Koikas, Listing Office: EXIT Real Estate of Ludington
Is Scottville, 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, Scottville was a Seller's Market.
Key Takeaway
Scottville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Scottville, MI
How much do homes in Scottville, MI cost?
Median Sold Price
$189,900
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,900(+31.9%)
Key Takeaway
Homes in Scottville have sold for 31.9% more than they did a year ago.
Summary: The median home sold price in Scottville was $189,900 in October 2024, up 31.9% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $110K | N/A |
| 2 Bedrooms | $128K | $155K | +21.1% |
| 3 Bedrooms | $144K | $197K | +36.8% |
| 4 Bedrooms | $198.7K | $219.9K | +10.6% |
| 5+ Bedrooms | $136K | $282K | +107.4% |
Summary: Scottville 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 21.1%, 3 bedroom homes increased by 36.8%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 107.4%.
Housing Supply in Scottville, MI
How many homes are available in Scottville, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Scottville real estate market had 18 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Scottville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
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 Scottville, 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 Scottville in October 2024, down by 60.0% 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 Scottville, MI
How long does it take to sell a home in Scottville, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 56 Days | +71.4% |
Summary: Homes in Scottville had an average of 56 days on market in Oct 2024, up by 71.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Scottville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Scottville; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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