Is Burdell 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, Burdell Township has remained a Seller's Market.
Housing Prices in Burdell Township, MI
How much do homes in Burdell Township, MI cost?
Median Sold Price
$164,850
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Burdell Township was $164,850 in May 2024, down 25.1% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $132K | $135K | +2.3% |
3 Bedrooms | $242K | $210K | -13.2% |
4 Bedrooms | $211.5K | $165K | -22.0% |
5+ Bedrooms | $475K | $62K | -86.9% |
Summary: Burdell 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 2.3%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 22%, and 5+ bedroom homes decreased by 86.9%.
Median Sold Price Compared To Nearby Cities
Cherry Grove Township | $305K | $300K | -1.6% |
Tustin | $180K | $172.9K | -3.9% |
Burdell Township | $220K | $164.8K | -25.1% |
Housing Supply in Burdell Township, MI
How many homes are available in Burdell Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Summary: The Burdell Township real estate market had 6 homes for sale in May 2024, a 14.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 1 | 2 | +100.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Burdell 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 decreased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Burdell Township in May 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Burdell Township, MI
How long does it take to sell a home in Burdell Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
3 Days | 32 Days | +966.7% |
Summary: Homes in Burdell Township had an average of 32 days on market in May 2024, up by 966.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Burdell Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.