Is Marshall, 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, Marshall has remained a Seller's Market.
Housing Prices in Marshall, MI
How much do homes in Marshall, MI cost?
Median Sold Price
$241,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marshall was $241,000 in April 2024, up 20.5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | - | N/A |
2 Bedrooms | $159.9K | $174.4K | +9.1% |
3 Bedrooms | $183K | $225K | +23.0% |
4 Bedrooms | $275K | $319K | +16.0% |
5+ Bedrooms | $300K | $345K | +15.0% |
Summary: Marshall 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 9.1%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
Marshall | $200K | $241K | +20.5% |
Marshall Township | $220K | $240K | +9.1% |
Marengo Township | $247.5K | $260K | +5.1% |
Housing Supply in Marshall, MI
How many homes are available in Marshall, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 54 | -3.6% |
Summary: The Marshall real estate market had 54 homes for sale in April 2024, a 3.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 27 | 26 | -3.7% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Marshall 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 decreased by 18.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Marshall in April 2024, the same as the previous month. Of the 16 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% were sold over asking.
Days on Market for Marshall, MI
How long does it take to sell a home in Marshall, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 30 Days | +151.6% |
Summary: Homes in Marshall had an average of 30 days on market in Apr 2024, up by 151.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Marshall; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.