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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Whittemore is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Whittemore has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Whittemore, MI

How much do homes in Whittemore, MI cost?

Median Sold Price

$171,000

$93/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$15,000(-8.1%)

Key Takeaway

Homes in Whittemore have sold for 8.1% less than they did a month ago.

Summary: The median home sold price in Whittemore was $171,000 in October 2024, down 8.1% from last month, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $220K$48K
-78.2%
3 $152K$171K
+12.5%
4 -$210K
N/A
5+ --
N/A

Summary: Whittemore housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 78.2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Whittemore, MI

How many homes are available in Whittemore, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
11110.0%

Summary: The Whittemore real estate market had 11 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 43
-25.0%
3 32
-33.3%
4 23
+50.0%
5+ 11
0.0%

Summary: The Whittemore housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Whittemore, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Whittemore in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Whittemore, MI

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

Average Sale Time

Sep 2024Oct 2024CHANGE
32 Days88 Days+176.0%

Summary: Homes in Whittemore had an average of 88 days on market in Oct 2024, up by 176% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Whittemore are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in Whittemore; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 16 Days Ago

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