Is Macomb, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Macomb has remained a Seller's Market.
Housing Prices in Macomb, MI
How much do homes in Macomb, MI cost?
Median Sold Price
$426,500
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Macomb was $426,500 in April 2024, up 4% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $265K | $258K | -2.6% |
3 Bedrooms | $380K | $389.9K | +2.6% |
4 Bedrooms | $475K | $514.5K | +8.3% |
5+ Bedrooms | $537.5K | $530K | -1.4% |
Summary: Macomb housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
Macomb Township | $410.1K | $426.8K | +4.1% |
Macomb | $410K | $426.5K | +4.0% |
Shelby Charter Township | $334.5K | $339.9K | +1.6% |
Clinton Township | $229.2K | $230.2K | 0.4% |
Clinton Charter Township | $230K | $230.5K | 0.2% |
Housing Supply in Macomb, MI
How many homes are available in Macomb, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
164 | 193 | +17.7% |
Summary: The Macomb real estate market had 193 homes for sale in April 2024, a 17.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 28 | +40.0% |
3 Bedrooms | 63 | 71 | +12.7% |
4 Bedrooms | 72 | 87 | +20.8% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Macomb 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 40%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 59 | +43.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 59 homes were sold or pending in Macomb in April 2024, up by 43.9% month-over-month. Of the 59 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.
Days on Market for Macomb, MI
How long does it take to sell a home in Macomb, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
244 Days | 20 Days | -91.5% |
Summary: Homes in Macomb had an average of 20 days on market in Apr 2024, down by 91.5% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 59 homes were sold in Macomb; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.