Is Tuscola 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, Tuscola County has remained a Seller's Market.
Housing Prices in Tuscola County, MI
How much do homes in Tuscola County, MI cost?
Median Sold Price
$165,100
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tuscola County was $165,100 in April 2024, up 0.1% 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 | $60.5K | $99.9K | +65.1% |
2 Bedrooms | $120K | $138.5K | +15.4% |
3 Bedrooms | $169.9K | $171K | +0.6% |
4 Bedrooms | $207K | $231K | +11.6% |
5+ Bedrooms | $179.9K | $227K | +26.2% |
Summary: Tuscola County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.1%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 26.2%.
Median Sold Price Compared To Nearby Counties
Lapeer County | $254.8K | $269.9K | +5.9% |
Sanilac County | $170.5K | $180K | +5.6% |
Huron County | $169K | $177.5K | +5.0% |
Genesee County | $189.5K | $196.9K | +3.9% |
Tuscola County | $165K | $165.1K | 0.1% |
Housing Supply in Tuscola County, MI
How many homes are available in Tuscola County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 110 | +20.9% |
Summary: The Tuscola County real estate market had 110 homes for sale in April 2024, a 20.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 16 | 12 | -25.0% |
3 Bedrooms | 58 | 69 | +19.0% |
4 Bedrooms | 14 | 22 | +57.1% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Tuscola County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 24 | +4.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Tuscola County in April 2024, up by 4.3% month-over-month. Of the 24 sold homes, 71% were sold under asking, 13% were sold at asking, and 17% were sold over asking.
Days on Market for Tuscola County, MI
How long does it take to sell a home in Tuscola County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
115 Days | 55 Days | -52.5% |
Summary: Homes in Tuscola County had an average of 55 days on market in Apr 2024, down by 52.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Tuscola County; 54% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.