Is Marcellus Township, 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, Marcellus Township was a Seller's Market.
Key Takeaway
Marcellus Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marcellus Township, MI
How much do homes in Marcellus Township, MI cost?
Median Sold Price
$177,500
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Marcellus Township have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Marcellus Township was $177,500 in May 2024, down 2.7% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $111.5K | $187.5K | +68.2% |
| 2 Bedrooms | $150K | $160.9K | +7.3% |
| 3 Bedrooms | $185K | $167K | -9.7% |
| 4 Bedrooms | $312K | $210.4K | -32.5% |
| 5+ Bedrooms | - | $191K | N/A |
Summary: Marcellus Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.2%, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 32.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Newberg Township | $185K | $213.9K | +15.7% |
| Marcellus Township | $182.5K | $177.5K | -2.7% |
| Marcellus | $182.5K | $177.5K | -2.7% |
| Porter Township | $370K | $306.4K | -17.2% |
Housing Supply in Marcellus Township, MI
How many homes are available in Marcellus Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Summary: The Marcellus Township real estate market had 23 homes for sale in May 2024, a 35.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Marcellus 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 increased by 50%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Marcellus Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Marcellus Township in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Marcellus Township, MI
How long does it take to sell a home in Marcellus Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 1 Days | 24 Days | +1522.2% |
Summary: Homes in Marcellus Township had an average of 24 days on market in May 2024, up by 1522.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Marcellus Township has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Marcellus Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.