Is Caseville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Caseville was a Seller's Market.
Key Takeaway
Caseville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Caseville, MI
How much do homes in Caseville, MI cost?
Median Sold Price
$285,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Caseville have sold for 42.5% more than they did a year ago.
Summary: The median home sold price in Caseville was $285,000 in May 2024, up 42.5% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $289K | +221.1% |
| 2 Bedrooms | $165K | $172.7K | +4.7% |
| 3 Bedrooms | $200K | $292.5K | +46.3% |
| 4 Bedrooms | $386K | $303K | -21.5% |
| 5+ Bedrooms | $318.5K | $375K | +17.7% |
Summary: Caseville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 221.1%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 46.3%, 4 bedroom homes decreased by 21.5%, and 5+ bedroom homes increased by 17.7%.
Median Sold Price Compared To Nearby Cities
| Caseville | $200K | $285K | +42.5% |
| Caseville Township | $250K | $285K | +14.0% |
Housing Supply in Caseville, MI
How many homes are available in Caseville, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Summary: The Caseville real estate market had 18 homes for sale in May 2024, a 38.5% increase 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Caseville 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 66.7%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Caseville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Caseville in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Caseville, MI
How long does it take to sell a home in Caseville, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 81 Days | 298 Days | +268.3% |
Summary: Homes in Caseville had an average of 298 days on market in May 2024, up by 268.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Caseville are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 3 homes were sold in Caseville; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.