$450,000
160.00 Acres
Land
#50300676, Karen Gardiner, Listing Office: Broadway Real Estate
Is Stephenson, 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, Stephenson has remained a Seller's Market.
Key Takeaway
Stephenson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stephenson, MI
How much do homes in Stephenson, MI cost?
Median Sold Price
$200,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+29.0%)
Key Takeaway
Homes in Stephenson have sold for 29% more than they did a year ago.
Summary: The median home sold price in Stephenson was $200,000 in November 2024, up 29% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $155K | $280K | +80.6% |
| 3 Bedrooms | $167.4K | $202.5K | +20.9% |
| 4 Bedrooms | $13.7K | $179.9K | +1208.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Stephenson 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 80.6%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 1208.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Stephenson Township | $151.5K | $200K | +32.0% |
| Stephenson | $155K | $200K | +29.0% |
Housing Supply in Stephenson, MI
How many homes are available in Stephenson, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Stephenson real estate market had 5 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 | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Stephenson 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stephenson, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Stephenson in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Stephenson, MI
We’re sorry, we don't have information for this market at the moment
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.