$2,363 Closing Credit*
$199,000
1,642 SqFt
2 Beds
•1 Full Bath
Brandi Stupica, Listing Office: 43 NORTH REALTY
Is Sumner, 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, Sumner has remained a Seller's Market.
Key Takeaway
Sumner is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sumner, MI
How much do homes in Sumner, MI cost?
Median Sold Price
$76,000
$54/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$116,000(-60.4%)
Key Takeaway
Homes in Sumner have sold for 60.4% less than they did a month ago.
Summary: The median home sold price in Sumner was $76,000 in November 2024, down 60.4% from last month, and the median price per square foot was $54.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250.5K | - | N/A |
| 3 Bedrooms | $184K | $76K | -58.7% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Sumner 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 58.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sumner Township | $184K | $185K | 0.5% |
| Sumner | $192K | $76K | -60.4% |
Housing Supply in Sumner, MI
How many homes are available in Sumner, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Summary: The Sumner real estate market had 5 homes for sale in November 2024, a 44.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 3 | -57.1% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sumner 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 decreased by 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
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 Sumner, 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 Sumner in November 2024, down by 75.0% 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 Sumner, MI
How long does it take to sell a home in Sumner, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 34 Days | +60.0% |
Summary: Homes in Sumner had an average of 34 days on market in Nov 2024, up by 60% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sumner has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Sumner; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
