Is Mio, 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, Mio has remained a Seller's Market.
Housing Prices in Mio, MI
How much do homes in Mio, MI cost?
Median Sold Price
$97,500
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mio was $97,500 in May 2024, down 11.4% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $69.9K | $74.5K | +6.6% |
2 Bedrooms | $91K | $90K | -1.1% |
3 Bedrooms | $128.9K | $139K | +7.8% |
4 Bedrooms | $279K | $170K | -39.1% |
5+ Bedrooms | $200K | $266K | +33.0% |
Summary: Mio housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 39.1%, and 5+ bedroom homes increased by 33%.
Median Sold Price Compared To Nearby Cities
Mentor Township | $87.4K | $112K | +28.1% |
Comins Township | $136.9K | $155K | +13.2% |
Fairview | $136.9K | $155K | +13.2% |
Mio | $110K | $97.5K | -11.4% |
Big Creek Township | $135K | $95K | -29.6% |
Housing Supply in Mio, MI
How many homes are available in Mio, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 34 | +13.3% |
Summary: The Mio real estate market had 34 homes for sale in May 2024, a 13.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Mio housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 6 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Mio in May 2024, down by 40.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Mio, MI
We’re sorry, we don't have information for this market at the moment