Is Marathon Township, 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, Marathon Township has remained a Seller's Market.
Housing Prices in Marathon Township, MI
How much do homes in Marathon Township, MI cost?
Median Sold Price
$248,250
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marathon Township was $248,250 in May 2024, up 8.4% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $71K | $211K | +197.2% |
2 Bedrooms | $159K | $203K | +27.7% |
3 Bedrooms | $205K | $223K | +8.8% |
4 Bedrooms | $274.9K | $302.5K | +10.0% |
5+ Bedrooms | $866K | $255K | -70.6% |
Summary: Marathon Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 197.2%, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 70.6%.
Median Sold Price Compared To Nearby Cities
Otter Lake | $205K | $232.7K | +13.5% |
Columbiaville | $227K | $255K | +12.3% |
Deerfield Township | $225K | $252K | +12.0% |
Fostoria | $202.3K | $224K | +10.7% |
Marathon Township | $229K | $248.2K | +8.4% |
Housing Supply in Marathon Township, MI
How many homes are available in Marathon Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Summary: The Marathon Township real estate market had 19 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Marathon Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Marathon Township in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Marathon Township, MI
How long does it take to sell a home in Marathon Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
61 Days | 44 Days | -28.7% |
Summary: Homes in Marathon Township had an average of 44 days on market in May 2024, down by 28.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Marathon Township; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.