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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stevensville is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Stevensville was a Neutral Market.

Key Takeaway

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

Housing Prices in Stevensville, MI

How much do homes in Stevensville, MI cost?

Median Sold Price

$355,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+9.2%)

Key Takeaway

Homes in Stevensville have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Stevensville was $355,000 in November 2024, up 9.2% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $368.5K$195K
-47.1%
2 $215K$249.5K
+16.0%
3 $275K$299.9K
+9.1%
4 $425K$460K
+8.2%
5+ $585.2K$650K
+11.1%

Summary: Stevensville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.1%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 11.1%.

Median Sold Price Compared To Nearby Cities

Stevensville
+9.2%
Lincoln Charter Township
+0.8%

Housing Supply in Stevensville, MI

How many homes are available in Stevensville, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4542-6.7%

Summary: The Stevensville real estate market had 42 homes for sale in November 2024, a 6.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 67
+16.7%
3 1310
-23.1%
4 1515
0.0%
5+ 99
0.0%

Summary: The Stevensville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10100.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stevensville, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Stevensville in November 2024, the same as the previous month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.

Days on Market for Stevensville, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
59 Days40 Days-31.2%

Summary: Homes in Stevensville had an average of 40 days on market in Nov 2024, down by 31.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Stevensville are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in Stevensville; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% 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 17 Days Ago

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