Is Tuscola County, 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, Tuscola County has remained a Seller's Market.
Housing Prices in Tuscola County, MI
How much do homes in Tuscola County, MI cost?
Median Sold Price
$169,900
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tuscola County was $169,900 in May 2024, up 3% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $66K | $156K | +136.4% |
2 Bedrooms | $126.1K | $138.5K | +9.8% |
3 Bedrooms | $170K | $170K | 0.0% |
4 Bedrooms | $206K | $224.5K | +9.0% |
5+ Bedrooms | $182.4K | $227K | +24.4% |
Summary: Tuscola County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.4%, 2 bedroom homes increased by 9.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 24.4%.
Median Sold Price Compared To Nearby Counties
Lapeer County | $253K | $271.4K | +7.3% |
Genesee County | $189.9K | $198.8K | +4.7% |
Tuscola County | $165K | $169.9K | +3.0% |
Sanilac County | $175K | $180K | +2.9% |
Huron County | $183K | $153K | -16.4% |
Housing Supply in Tuscola County, MI
How many homes are available in Tuscola County, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
116 | 129 | +11.2% |
Summary: The Tuscola County real estate market had 129 homes for sale in May 2024, a 11.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 15 | 14 | -6.7% |
3 Bedrooms | 71 | 71 | 0.0% |
4 Bedrooms | 23 | 31 | +34.8% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Tuscola County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 41 | +57.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Tuscola County in May 2024, up by 57.7% month-over-month. Of the 41 sold homes, 44% were sold under asking, 24% were sold at asking, and 32% were sold over asking.
Days on Market for Tuscola County, MI
How long does it take to sell a home in Tuscola County, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 24 Days | -40.8% |
Summary: Homes in Tuscola County had an average of 24 days on market in May 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 41 homes were sold in Tuscola County; 80% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.