Is Schoolcraft, 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, Schoolcraft has remained a Seller's Market.
Housing Prices in Schoolcraft, MI
How much do homes in Schoolcraft, MI cost?
Median Sold Price
$342,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Schoolcraft was $342,000 in April 2024, up 25.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | - | N/A |
2 Bedrooms | $157K | $170K | +8.3% |
3 Bedrooms | $244K | $330K | +35.2% |
4 Bedrooms | $415K | $383.4K | -7.6% |
5+ Bedrooms | $480K | $497K | +3.5% |
Summary: Schoolcraft 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 8.3%, 3 bedroom homes increased by 35.2%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
Schoolcraft | $272.3K | $342K | +25.6% |
Schoolcraft Township | $271K | $310K | +14.4% |
Housing Supply in Schoolcraft, MI
How many homes are available in Schoolcraft, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Summary: The Schoolcraft real estate market had 9 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 4 | +100.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Schoolcraft 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 increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 5 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Schoolcraft in April 2024, up by 100.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Schoolcraft, MI
How long does it take to sell a home in Schoolcraft, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
71 Days | 21 Days | -70.4% |
Summary: Homes in Schoolcraft had an average of 21 days on market in Apr 2024, down by 70.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Schoolcraft; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.