Is Cassopolis, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cassopolis has remained a Seller's Market.
Key Takeaway
Cassopolis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cassopolis, MI
How much do homes in Cassopolis, MI cost?
Median Sold Price
$252,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cassopolis have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Cassopolis was $252,500 in May 2024, up 3.1% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $180K | $202.5K | +12.5% |
| 3 Bedrooms | $272.5K | $250K | -8.3% |
| 4 Bedrooms | $185K | $275K | +48.6% |
| 5+ Bedrooms | $449K | $1.2M | +172.8% |
Summary: Cassopolis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 48.6%, and 5+ bedroom homes increased by 172.8%.
Median Sold Price Compared To Nearby Cities
| LaGrange Township | $192.9K | $205K | +6.2% |
| Cassopolis | $245K | $252.5K | +3.1% |
Housing Supply in Cassopolis, MI
How many homes are available in Cassopolis, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The Cassopolis real estate market had 23 homes for sale in May 2024, a 8.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 14 | 8 | -42.9% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Cassopolis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cassopolis, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Cassopolis in May 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Cassopolis, MI
How long does it take to sell a home in Cassopolis, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 26 Days | -56.1% |
Summary: Homes in Cassopolis had an average of 26 days on market in May 2024, down by 56.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cassopolis are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Cassopolis; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
