New - 4 days on Rocket
$2,374 Closing Credit¹
#50165662, GINA FELTNER BOUWS, Listing Office: RE/MAX 1ST REALTY
Marquette Housing Market Report January 2025•Marquette County, Michigan
Housing Prices in Marquette, MI
How much do homes in Marquette, MI cost?
Housing Market Conditions
Is Marquette, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Marquette is a Seller's Market
Difference Since December 2024
Last month, Marquette was a Buyer's Market.
Insight
Marquette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$392,000$181/SqFt
+$82,000
+26.5%
Based on all homes sold in January 2025
Insight
Homes in Marquette have sold for 26.5% more than they did a month ago.
Summary: The median home sold price in Marquette was $392,000 in January 2025, up 26.5% from last month, and the median price per square foot was $181.
Median Sold Price By City
| City | Dec 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Marquette | $310K | $392K | +26.5% |
| Sands Township | $432.5K | $242.5K | -43.9% |
Median Sold Price By Bedrooms
| Beds | Dec 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $294.5K | $245K | -16.8% |
| 33 Bedrooms | $424K | $342.9K | -19.1% |
| 44 Bedrooms | $317.5K | $334.2K | +5.3% |
| 55+ Bedrooms | - | $842.5K | N/A |
Summary: Marquette housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -16.8%. The home price for 3 bedroom homes decreased by -19.1%. The home price for 4 bedroom homes increased by +5.3%. The home price for 5 bedroom homes did not change.
Housing supply in Marquette, MI
How many homes are available in Marquette, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 68Last MonthJan 2025 | ||
| 642 months agoDec 2024 | +6.3 % Change MoMDec – Jan |
Summary: The Marquette real estate market had 68 homes for sale in Jan 2025, a 6.3 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 13Last MonthJan 2025 | ||
| 92 months agoDec 2024 | +44.4 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 7 | 8 | +14.3% |
| 33 Bedrooms | 20 | 25 | +25.0% |
| 44 Bedrooms | 25 | 22 | -12.0% |
| 55+ Bedrooms | 11 | 12 | +9.1% |
Summary: Marquette housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +14.3%. The inventory for 3 bedroom homes increased by +25.0%. The inventory for 4 bedroom homes decreased by -12.0%. The inventory for 5 bedroom homes increased by +9.1%.
Asking Price vs. Sold Price
How much do homes in Marquette, MI cost?
Over Asking Price3 Homes
At Asking Price2 Homes
Under Asking Price8 Homes
Insight
If you're buying a home in Marquette, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Marquette in January 2025, up by 44.4% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and and 23% were sold over asking.
Days on Market for Marquette, MI
How long does it take to sell a home in Marquette, MI?
Breakdown of Home Sale Times
Under 30 Days8 Homes
30 – 90 Days3 Homes
Over 90 Days2 Homes
Insight
Many homes in Marquette are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 13 homes were sold in Marquette; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 55 DaysLast MonthJan 2025 | ||
| 14 Days1 month agoDec 2024 | +285.6 % Change MoMDec – Jan |
Summary: Homes in Marquette had an average listing age of 55 days in Jan 2025, up by 285.6% compared to the previous month.
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Newest Listings in Marquette, MI
What homes are available in Marquette, MI?
New - 7 days on RocketVideo tour
$4,738 Closing Credit¹
#50165436, ANDREA GORIESKY, Listing Office: SELECT REALTY
$6,531 Closing Credit¹
#50165200, DAVE MINGAY, Listing Office: RE/MAX 1ST REALTY
Video tour
$3,788 Closing Credit¹
#50165100, MELISSA LEHTOMAKI, Listing Office: RE/MAX 1ST REALTY
#50165069, JOE CAPUANA, Listing Office: GREAT LAKES & LAND OF MARQUETTE, INC.
$3,503 Closing Credit¹
#50164764, SEAN LEAHY, Listing Office: SELECT REALTY
3D tour
$8,014 Closing Credit¹
#50164580, GINA FELTNER BOUWS, Listing Office: RE/MAX 1ST REALTY
$3,563 Closing Credit¹
#50164278, JENNIFER COSCO, Listing Office: SELECT REALTY
$7,600 Closing Credit¹
#50164066, DAVE MINGAY, Listing Office: RE/MAX 1ST REALTY
$3,859 Closing Credit¹
#50163956, BENJAMIN ARGALL, Listing Office: NEXTHOME SUPERIOR LIVING
$4,452 Closing Credit¹
#50163798, BARTON BARTELLI, Listing Office: 3% REALTY
Video tour
#50163781, KELLIE HILLIER-GENSCHAW, Listing Office: RE/MAX 1ST REALTY
Nearby markets
Nearby markets aren't available for Marquette, MI
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MLS Disclaimers and Copyright
Based on information from MiRealSource Inc. DL, for the period 12/01/2024 - 02/01/2025
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/4/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.