Is Sebewaing, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sebewaing is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Sebewaing was a Neutral Market.

Key Takeaway

Sebewaing is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sebewaing, MI

How much do homes in Sebewaing, MI cost?

Median Sold Price

$49,250

$29/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$90,750(-64.8%)

Key Takeaway

Homes in Sebewaing have sold for 64.8% less than they did a month ago.

Summary: The median home sold price in Sebewaing was $49,250 in November 2024, down 64.8% from last month, and the median price per square foot was $29.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $140K$49.2K
-64.8%
4 --
N/A
5+ --
N/A

Summary: Sebewaing housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 64.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sebewaing
-64.8%
Sebewaing Township
-64.8%

Housing Supply in Sebewaing, MI

How many homes are available in Sebewaing, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
660.0%

Summary: The Sebewaing real estate market had 6 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 32
-33.3%
4 22
0.0%
5+ 11
0.0%

Summary: The Sebewaing housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sebewaing, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sebewaing in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sebewaing, MI

How long does it take to sell a home in Sebewaing, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
51 Days117 Days+129.4%

Summary: Homes in Sebewaing had an average of 117 days on market in Nov 2024, up by 129.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sebewaing has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Sebewaing; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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