Is Almena Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Almena Township has remained a Seller's Market.
Key Takeaway
Almena Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Almena Township, MI
How much do homes in Almena Township, MI cost?
Median Sold Price
$342,450
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Almena Township have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Almena Township was $342,450 in May 2024, down 2.2% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $159.9K | $250K | +56.3% |
| 3 Bedrooms | $254.2K | $295K | +16.1% |
| 4 Bedrooms | $449.9K | $349.9K | -22.2% |
| 5+ Bedrooms | $472.5K | $449.9K | -4.8% |
Summary: Almena Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Oshtemo Charter Township | $316.6K | $324.9K | +2.6% |
| Pine Grove Township | $250K | $245.4K | -1.8% |
| Almena Township | $350K | $342.4K | -2.2% |
Housing Supply in Almena Township, MI
How many homes are available in Almena Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Summary: The Almena Township real estate market had 16 homes for sale in May 2024, a 45.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 8 | 13 | +62.5% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Almena Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Almena Township, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Almena Township in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Almena Township, MI
How long does it take to sell a home in Almena Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 2 Days | 15 Days | +467.3% |
Summary: Homes in Almena Township had an average of 15 days on market in May 2024, up by 467.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Almena Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Almena Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
