Is Scottville, 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, Scottville has remained a Seller's Market.
Key Takeaway
Scottville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scottville, MI
How much do homes in Scottville, MI cost?
Median Sold Price
$185,300
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Scottville have sold for 31.4% more than they did a year ago.
Summary: The median home sold price in Scottville was $185,300 in May 2024, up 31.4% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $106.4K | $189.9K | +78.4% |
| 3 Bedrooms | $130K | $171.5K | +31.9% |
| 4 Bedrooms | $236K | $187.5K | -20.6% |
| 5+ Bedrooms | $136K | $219K | +61.0% |
Summary: Scottville 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 78.4%, 3 bedroom homes increased by 31.9%, 4 bedroom homes decreased by 20.6%, and 5+ bedroom homes increased by 61%.
Median Sold Price Compared To Nearby Cities
| Custer Township | $198.5K | $272.5K | +37.3% |
| Scottville | $141K | $185.3K | +31.4% |
| Amber Township | $290.5K | $307.5K | +5.9% |
Housing Supply in Scottville, MI
How many homes are available in Scottville, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 19 | +58.3% |
Summary: The Scottville real estate market had 19 homes for sale in May 2024, a 58.3% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Scottville 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 50%, 3 bedroom homes increased by 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 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 Scottville, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Scottville in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Scottville, MI
How long does it take to sell a home in Scottville, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 62 Days | +245.8% |
Summary: Homes in Scottville had an average of 62 days on market in May 2024, up by 245.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Scottville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Scottville; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
