Is Tuscola County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tuscola County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Tuscola County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Tuscola County, MI

How much do homes in Tuscola County, MI cost?

Median Sold Price

$173,666

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,666(+5.3%)

Key Takeaway

Homes in Tuscola County have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Tuscola County was $173,666 in November 2024, up 5.3% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $159.9K$92.1K
-42.4%
2 $135K$145K
+7.4%
3 $166K$173K
+4.2%
4 $229.9K$229K
-0.4%
5+ $223.5K$393.7K
+76.2%

Summary: Tuscola County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 76.2%.

Median Sold Price Compared To Nearby Counties

Sanilac County
+13.3%
Lapeer County
+9.8%
Tuscola County
+5.3%
Genesee County
+3.9%

Housing Supply in Tuscola County, MI

How many homes are available in Tuscola County, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
146134-8.2%

Summary: The Tuscola County real estate market had 134 homes for sale in November 2024, a 8.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 2423
-4.2%
3 7463
-14.9%
4 3331
-6.1%
5+ 1214
+16.7%

Summary: The Tuscola County 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 decreased by 4.2%, 3 bedroom homes decreased by 14.9%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4024-40.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tuscola County, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Tuscola County in November 2024, down by 40.0% month-over-month. Of the 24 sold homes, 54% were sold under asking, 29% were sold at asking, and 17% were sold over asking.

Days on Market for Tuscola County, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days74 Days+75.8%

Summary: Homes in Tuscola County had an average of 74 days on market in Nov 2024, up by 75.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tuscola County has remained consistent over time.

Summary: During November 2024, 24 homes were sold in Tuscola County; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% 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

Newest Listings in Tuscola County, MI

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