Marquette Charter Township Housing Market Report January 2025Marquette County, Michigan

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Housing Prices in Marquette Charter Township, MI

How much do homes in Marquette Charter Township, MI cost?

Housing Market Conditions

Is Marquette Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Marquette Charter Township is a Seller's Market

Difference Since January 2024

Since last year, Marquette Charter Township has remained a Seller's Market.

Insight

Marquette Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$340,000$235/SqFt
+$40,000
+13.3%

Based on all homes sold in the last 12 months

Insight

Homes in Marquette Charter Township have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in Marquette Charter Township was $340,000 in January 2025, up 13.3% from last year, and the median price per square foot was $235.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$128K-
N/A
2$495.5K$270.7K
-45.4%
3$265K$330.5K
+24.7%
4$339.9K$392K
+15.3%
5$300K$415K
+38.3%

Summary: Marquette Charter Township 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 -45.4%. The home price for 3 bedroom homes increased by +24.7%. The home price for 4 bedroom homes increased by +15.3%. The home price for 5 bedroom homes increased by +38.3%.

Housing supply in Marquette Charter Township, MI

How many homes are available in Marquette Charter Township, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
68Last MonthJan 2025
642 months agoDec 2024
+6.3 %
Change MoMDec – Jan

Summary: The Marquette Charter Township real estate market had 68 homes for sale in Jan 2025, a 6.3 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
13Last MonthJan 2025
92 months agoDec 2024
+44.4 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
111
0.0%
278
+14.3%
32025
+25.0%
42522
-12.0%
51112
+9.1%

Summary: Marquette Charter Township 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 Charter Township, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price2 Homes

Under Asking Price8 Homes

Insight

If you're buying a home in Marquette Charter Township, 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 Charter Township 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 Charter Township, MI

How long does it take to sell a home in Marquette Charter Township, MI?

Breakdown of Home Sale Times

Under 30 Days8 Homes

30 – 90 Days3 Homes

Over 90 Days2 Homes

Insight

Many homes in Marquette Charter Township are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 13 homes were sold in Marquette Charter Township; 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

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
55 DaysThis YearJan 2025
41 Days1 year agoJan 2024
+35.8 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Marquette Charter Township had an average listing age of 55 days in Jan 2025, up by 35.8% compared to the previous year.

Newest Listings in Marquette Charter Township, MI

What homes are available in Marquette Charter Township, MI?

Nearby markets

MLS Disclaimers and Copyright

Based on information from MiRealSource Inc. DL, for the period 02/01/2023 - 02/01/2025

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

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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: 2/10/2025, 4:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.