Is Burt 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, Burt Township has remained a Seller's Market.
Key Takeaway
Burt Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burt Township, MI
How much do homes in Burt Township, MI cost?
Median Sold Price
$219,900
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Burt Township have sold for 18.9% more than they did a year ago.
Summary: The median home sold price in Burt Township was $219,900 in May 2024, up 18.9% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $137.9K | $193.3K | +40.2% |
| 3 Bedrooms | $221.5K | $205K | -7.4% |
| 4 Bedrooms | $472.5K | $230K | -51.3% |
| 5+ Bedrooms | $874.5K | $1.5M | +71.5% |
Summary: Burt 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 40.2%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 51.3%, and 5+ bedroom homes increased by 71.5%.
Median Sold Price Compared To Nearby Cities
| Tuscarora Township | $270K | $374.2K | +38.6% |
| Burt Township | $185K | $219.9K | +18.9% |
Housing Supply in Burt Township, MI
How many homes are available in Burt Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Summary: The Burt Township real estate market had 20 homes for sale in May 2024, a 33.3% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 6 | 12 | +100.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Burt 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 100%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burt Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Burt Township in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Burt Township, MI
How long does it take to sell a home in Burt Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 8 Days | -81.3% |
Summary: Homes in Burt Township had an average of 8 days on market in May 2024, down by 81.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burt Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Burt Township; 75% 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.
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