Is Montmorency County, 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, Montmorency County has remained a Seller's Market.
Housing Prices in Montmorency County, MI
How much do homes in Montmorency County, MI cost?
Median Sold Price
$159,450
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montmorency County was $159,450 in April 2024, up 8.3% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $106.5K | $94K | -11.7% |
2 Bedrooms | $129K | $133K | +3.1% |
3 Bedrooms | $175K | $202.4K | +15.7% |
4 Bedrooms | $299K | $240K | -19.7% |
5+ Bedrooms | $98.5K | $689K | +599.5% |
Summary: Montmorency County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes increased by 599.5%.
Median Sold Price Compared To Nearby Counties
Alpena County | $142K | $160K | +12.7% |
Presque Isle County | $169.5K | $189.7K | +11.9% |
Montmorency County | $147.2K | $159.4K | +8.3% |
Otsego County | $233.9K | $246.4K | +5.3% |
Oscoda County | $120K | $112.5K | -6.3% |
Housing Supply in Montmorency County, MI
How many homes are available in Montmorency County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 81 | +37.3% |
Summary: The Montmorency County real estate market had 81 homes for sale in April 2024, a 37.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 12 | 25 | +108.3% |
3 Bedrooms | 31 | 37 | +19.4% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Montmorency County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 108.3%, 3 bedroom homes increased by 19.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 15 | +150.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Montmorency County in April 2024, up by 150.0% month-over-month. Of the 15 sold homes, 73% were sold under asking, 20% were sold at asking, and 7% were sold over asking.
Days on Market for Montmorency County, MI
We’re sorry, we don't have information for this market at the moment