Is Iosco County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Iosco County was a Neutral Market.
Housing Prices in Iosco County, MI
How much do homes in Iosco County, MI cost?
Median Sold Price
$169,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Iosco County was $169,000 in April 2024, up 16.6% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82.7K | $80K | -3.3% |
2 Bedrooms | $138K | $158.5K | +14.9% |
3 Bedrooms | $145.9K | $170K | +16.5% |
4 Bedrooms | $176.5K | $232.5K | +31.7% |
5+ Bedrooms | $199.9K | $220K | +10.0% |
Summary: Iosco County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 31.7%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Counties
Iosco County | $145K | $169K | +16.6% |
Alcona County | $152.9K | $172K | +12.5% |
Ogemaw County | $142K | $148.5K | +4.6% |
Housing Supply in Iosco County, MI
How many homes are available in Iosco County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 127 | +29.6% |
Summary: The Iosco County real estate market had 127 homes for sale in April 2024, a 29.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 28 | 38 | +35.7% |
3 Bedrooms | 45 | 58 | +28.9% |
4 Bedrooms | 15 | 21 | +40.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Iosco County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 28.9%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 30 | +130.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Iosco County in April 2024, up by 130.8% month-over-month. Of the 30 sold homes, 67% were sold under asking, 23% were sold at asking, and 10% were sold over asking.
Days on Market for Iosco County, MI
How long does it take to sell a home in Iosco County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 69 Days | +51.7% |
Summary: Homes in Iosco County had an average of 69 days on market in Apr 2024, up by 51.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in Iosco County; 33% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.