Is Marne, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Marne has remained a Seller's Market.
Key Takeaway
Marne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marne, MI
How much do homes in Marne, MI cost?
Median Sold Price
$311,750
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Marne have sold for 12.2% less than they did a year ago.
Summary: The median home sold price in Marne was $311,750 in May 2024, down 12.2% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $449.9K | $336.2K | -25.3% |
| 3 Bedrooms | $298.5K | $328.7K | +10.1% |
| 4 Bedrooms | $440K | $308K | -30.0% |
| 5+ Bedrooms | $910K | $470K | -48.4% |
Summary: Marne housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 48.4%.
Median Sold Price Compared To Nearby Cities
| Tallmadge Charter Township | $360K | $412.5K | +14.6% |
| Allendale Charter Township | $360K | $385K | +6.9% |
| Wright Township | $280K | $290K | +3.6% |
| Marne | $355K | $311.7K | -12.2% |
Housing Supply in Marne, MI
How many homes are available in Marne, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Summary: The Marne real estate market had 7 homes for sale in May 2024, a 75.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Marne housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 100%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marne, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Marne in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Marne, MI
How long does it take to sell a home in Marne, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 2 Days | -68.8% |
Summary: Homes in Marne had an average of 2 days on market in May 2024, down by 68.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marne are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Marne; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
