Negaunee Housing Market Report April 2025•Marquette County, Michigan

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Housing Prices in Negaunee, MI

How much do homes in Negaunee, MI cost?

Housing Market Conditions

Is Negaunee, 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

Negaunee is a Seller's Market

Difference Since March 2025

Last month, Negaunee has remained a Seller's Market.

Insight

Negaunee 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.
$247,500$194/SqFt
-$85,500
-25.7%

Based on all homes sold in April 2025

Insight

Homes in Negaunee have sold for 25.7% less than they did a month ago.

Summary: The median home sold price in Negaunee was $247,500 in April 2025, down 25.7% from last month, and the median price per square foot was $194.

Median Sold Price By Cities

Median Sold Price By Cities
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
Negaunee Township
-25.7%
Negaunee
-25.7%
Ishpeming Township
-43.2%

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.
BedsMar 2025Apr 2025Change MoM
1--
N/A
2--
N/A
3$137K$245K
+78.8%
4$545K$250K
-54.1%
5--
N/A

Summary: Negaunee housing price by bedroom type for April 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +78.8%. The home price for 4 bedroom homes decreased by -54.1%. The home price for 5 bedroom homes did not change.

How does Negaunee, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Negaunee, MI

Housing supply in Negaunee, MI

How many homes are available in Negaunee, 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
19Last MonthApr 2025
202 months agoMar 2025
-5.0 %
Change MoMMar – Apr

Summary: The Negaunee real estate market had 19 homes for sale in Apr 2025, a 5.0 % decrease compared to Mar 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
6Last MonthApr 2025
42 months agoMar 2025
+50.0 %
Change MoMMar – Apr

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.
BedsMar 2025Apr 2025Change MoM
100
0.0%
233
0.0%
399
0.0%
464
-33.3%
523
+50.0%

Summary: Negaunee housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes increased by +50.0%.

Asking Price vs. Sold Price

How much do homes in Negaunee, 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 Price5 Homes

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Negaunee, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Negaunee in April 2025, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and and 83% were sold over asking.

Days on Market for Negaunee, MI

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

Breakdown of Home Sale Times

Under 30 Days6 Homes

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

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

Summary: During April 2025, 6 homes were sold in Negaunee; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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
10 DaysLast MonthApr 2025
82 Days1 month agoMar 2025
-87.2 %
Change MoMMar – Apr

Summary: Homes in Negaunee had an average listing age of 10 days in Apr 2025, down by 87.2% compared to the previous month.

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Newest Listings in Negaunee, MI

What homes are available in Negaunee, MI?

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Nearby markets aren't available for Negaunee, MI

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Based on information from MiRealSource Inc. DL, and RealComp II Ltd. for the period 03/01/2025 - 05/01/2025

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Last updated on: 5/16/2025, 7:20:40 PM 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: 5/16/2025, 7:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.