Marquette County Housing Market Report February 2025Marquette County, Michigan

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Housing Prices in Marquette County, MI

How much do homes in Marquette County, MI cost?

Housing Market Conditions

Is Marquette County, 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 County is a Seller's Market

Difference Since January 2025

Last month, Marquette County has remained a Seller's Market.

Insight

Marquette County 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.
$250,750$198/SqFt
+$8,500
+3.5%

Based on all homes sold in February 2025

Insight

Homes in Marquette County have sold for 3.5% more than they did a month ago.

Summary: The median home sold price in Marquette County was $250,750 in February 2025, up 3.5% from last month, and the median price per square foot was $198.

Median Sold Price By Counties

Median Sold Price By Counties
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Dickinson County
+40.0%
Marquette County
+3.5%
Iron County
-41.2%
Alger County
-41.6%

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 2025Feb 2025Change MoM
1-$178.5K
N/A
2$165K$185K
+12.1%
3$241K$229.4K
-4.8%
4$239K$512.4K
+114.4%
5$842.5K$370K
-56.1%

Summary: Marquette County housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +12.1%. The home price for 3 bedroom homes decreased by -4.8%. The home price for 4 bedroom homes increased by +114.4%. The home price for 5 bedroom homes decreased by -56.1%.

Housing supply in Marquette County, MI

How many homes are available in Marquette County, 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
136Last MonthFeb 2025
1482 months agoJan 2025
-8.1 %
Change MoMJan – Feb

Summary: The Marquette County real estate market had 136 homes for sale in Feb 2025, a 8.1 % decrease compared to Jan 2025.

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
28Last MonthFeb 2025
382 months agoJan 2025
-26.3 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
134
+33.3%
22422
-8.3%
36658
-12.1%
43531
-11.4%
52021
+5.0%

Summary: Marquette County housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +33.3%. The inventory for 2 bedroom homes decreased by -8.3%. The inventory for 3 bedroom homes decreased by -12.1%. The inventory for 4 bedroom homes decreased by -11.4%. The inventory for 5 bedroom homes increased by +5.0%.

Asking Price vs. Sold Price

How much do homes in Marquette County, 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 Price6 Homes

At Asking Price5 Homes

Under Asking Price17 Homes

Insight

If you're buying a home in Marquette County, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Marquette County in February 2025, down by 26.3% month-over-month. Of the 28 sold homes, 61% were sold under asking, 18% were sold at asking, and and 21% were sold over asking.

Days on Market for Marquette County, MI

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

Breakdown of Home Sale Times

Under 30 Days14 Homes

30 – 90 Days7 Homes

Over 90 Days7 Homes

Insight

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

Summary: During February 2025, 28 homes were sold in Marquette County; 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.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
87 DaysLast MonthFeb 2025
36 Days1 month agoJan 2025
+135.8 %
Change MoMJan – Feb

Summary: Homes in Marquette County had an average listing age of 87 days in Feb 2025, up by 135.8% compared to the previous month.

Newest Listings in Marquette County, MI

What homes are available in Marquette County, MI?

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Last updated on: 3/12/2025, 3:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 3/12/2025, 2:43:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.