Is Cass County, 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, Cass County was a Seller's Market.
Key Takeaway
Cass County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cass County, MI
How much do homes in Cass County, MI cost?
Median Sold Price
$224,250
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Cass County has remained the same since last year.
Summary: The median home sold price in Cass County was $224,250 in May 2024, down 0.3% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $170K | +36.0% |
| 2 Bedrooms | $155K | $154.5K | -0.3% |
| 3 Bedrooms | $221.6K | $225K | +1.5% |
| 4 Bedrooms | $282.5K | $324.9K | +15.0% |
| 5+ Bedrooms | $400K | $380K | -5.0% |
Summary: Cass County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Counties
| Van Buren County | $271.1K | $288.2K | +6.3% |
| Kalamazoo County | $239K | $253.1K | +5.9% |
| Saint Joseph County | $184.9K | $190K | +2.7% |
| Cass County | $225K | $224.2K | -0.3% |
Housing Supply in Cass County, MI
How many homes are available in Cass County, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 175 | 195 | +11.4% |
Summary: The Cass County real estate market had 195 homes for sale in May 2024, a 11.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 34 | 41 | +20.6% |
| 3 Bedrooms | 92 | 84 | -8.7% |
| 4 Bedrooms | 32 | 47 | +46.9% |
| 5+ Bedrooms | 14 | 21 | +50.0% |
Summary: The Cass County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 20.6%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 46.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 32 | -13.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cass County, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Cass County in May 2024, down by 13.5% month-over-month. Of the 32 sold homes, 38% were sold under asking, 19% were sold at asking, and 44% were sold over asking.
Days on Market for Cass County, MI
How long does it take to sell a home in Cass County, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 36 Days | -17.1% |
Summary: Homes in Cass County had an average of 36 days on market in May 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cass County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Cass County; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.