Is Delta County, 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, Delta County has remained a Seller's Market.
Housing Prices in Delta County, MI
How much do homes in Delta County, MI cost?
Median Sold Price
$163,000
$117/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Delta County was $163,000 in May 2024, down 9.3% from last month, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $216.2K | $153.5K | -29.0% |
3 Bedrooms | $160.5K | $164K | +2.2% |
4 Bedrooms | $235K | $378.5K | +61.1% |
5+ Bedrooms | $328.2K | $338.8K | +3.2% |
Summary: Delta County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 61.1%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Counties
Schoolcraft County | $90K | $109.9K | +22.1% |
Delta County | $179.7K | $163K | -9.3% |
Marquette County | $225K | $202.5K | -10.0% |
Alger County | $650K | $235K | -63.8% |
Housing Supply in Delta County, MI
How many homes are available in Delta County, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
82 | 119 | +45.1% |
Summary: The Delta County real estate market had 119 homes for sale in May 2024, a 45.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 16 | 24 | +50.0% |
3 Bedrooms | 35 | 51 | +45.7% |
4 Bedrooms | 15 | 23 | +53.3% |
5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Delta County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 45.7%, 4 bedroom homes increased by 53.3%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 21 | +50.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Delta County in May 2024, up by 50.0% month-over-month. Of the 21 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Delta County, MI
How long does it take to sell a home in Delta County, MI?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 Days | 37 Days | -18.9% |
Summary: Homes in Delta County had an average of 37 days on market in May 2024, down by 18.9% compared to last month.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Delta County; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.