Is Marcellus, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Marcellus was a Seller's Market.
Housing Prices in Marcellus, MI
How much do homes in Marcellus, MI cost?
Median Sold Price
$177,500
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marcellus was $177,500 in May 2024, down 2.7% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $111.5K | $187.5K | +68.2% |
2 Bedrooms | $150K | $160.9K | +7.3% |
3 Bedrooms | $185K | $167K | -9.7% |
4 Bedrooms | $312K | $210.4K | -32.5% |
5+ Bedrooms | - | $191K | N/A |
Summary: Marcellus housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.2%, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 32.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Marcellus | $182.5K | $177.5K | -2.7% |
Marcellus Township | $182.5K | $177.5K | -2.7% |
Housing Supply in Marcellus, MI
How many homes are available in Marcellus, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 23 | +35.3% |
Summary: The Marcellus real estate market had 23 homes for sale in May 2024, a 35.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Marcellus housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Marcellus in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Marcellus, MI
How long does it take to sell a home in Marcellus, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
1 Days | 24 Days | +1522.2% |
Summary: Homes in Marcellus had an average of 24 days on market in May 2024, up by 1522.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Marcellus; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.