Is Cassopolis, 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, Cassopolis has remained a Seller's Market.
Key Takeaway
Cassopolis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cassopolis, MI
How much do homes in Cassopolis, MI cost?
Median Sold Price
$252,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cassopolis have sold for 14% more than they did a year ago.
Summary: The median home sold price in Cassopolis was $252,500 in April 2024, up 14% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $125.4K | $200K | +59.5% |
| 3 Bedrooms | $239.9K | $248.2K | +3.5% |
| 4 Bedrooms | $157.5K | $346K | +119.7% |
| 5+ Bedrooms | $400K | $1.2M | +206.2% |
Summary: Cassopolis 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 increased by 59.5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 119.7%, and 5+ bedroom homes increased by 206.2%.
Median Sold Price Compared To Nearby Cities
| Penn Township | $359.9K | $435K | +20.9% |
| Cassopolis | $221.5K | $252.5K | +14.0% |
| LaGrange Township | $205.4K | $198.5K | -3.4% |
Housing Supply in Cassopolis, MI
How many homes are available in Cassopolis, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 25 | +8.7% |
Summary: The Cassopolis real estate market had 25 homes for sale in April 2024, a 8.7% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 2 | 6 | +200.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cassopolis 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cassopolis, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Cassopolis in April 2024, up by 166.7% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Cassopolis, MI
How long does it take to sell a home in Cassopolis, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 71 Days | 33 Days | -53.3% |
Summary: Homes in Cassopolis had an average of 33 days on market in Apr 2024, down by 53.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cassopolis are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Cassopolis; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
