Is Nunica, 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, Nunica has remained a Seller's Market.
Key Takeaway
Nunica is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nunica, MI
How much do homes in Nunica, MI cost?
Median Sold Price
$386,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Nunica have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Nunica was $386,000 in May 2024, up 4.9% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $349.9K | $517K | +47.8% |
| 3 Bedrooms | $355K | $267K | -24.8% |
| 4 Bedrooms | $420K | $395K | -6.0% |
| 5+ Bedrooms | $425K | $447.9K | +5.4% |
Summary: Nunica 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 increased by 47.8%, 3 bedroom homes decreased by 24.8%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Crockery Township | $369.9K | $389.9K | +5.4% |
| Nunica | $368K | $386K | +4.9% |
| Spring Lake Township | $377.1K | $388.9K | +3.1% |
| Sullivan Township | $255K | $257.5K | +1.0% |
Housing Supply in Nunica, MI
How many homes are available in Nunica, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Nunica real estate market had 14 homes for sale in May 2024, a 7.7% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Nunica 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nunica, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Nunica in May 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Nunica, MI
How long does it take to sell a home in Nunica, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 85 Days | 3 Days | -95.7% |
Summary: Homes in Nunica had an average of 3 days on market in May 2024, down by 95.7% compared to last year.
Breakdown of Home Sale Times
3 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 Nunica are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Nunica; 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.
