Is Morenci, MI 49256 a buyer’s or seller’s market?
Morenci is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
Months of supply4.8Under 4 months = seller’s market
Sold above original list35.7%Share of sales, last 3 months
Median sale-to-list99.3%Sold price ÷ list price
Median days on market46Listing to accepted offer
Median price per sq ft$98▼ −5.8% vs. last year
Run the numbers for 49256
Nearby markets
Addison 49220Buyer’s market $190 /sq ftAdrian 49221Seller’s market $134 /sq ftBlissfield 49228Seller’s market $179 /sq ftBritton 49229Seller’s market $236 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology