Is Delta Charter 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, Delta Charter Township has remained a Seller's Market.
Key Takeaway
Delta Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Delta Charter Township, MI
How much do homes in Delta Charter Township, MI cost?
Median Sold Price
$275,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Delta Charter Township have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Delta Charter Township was $275,000 in May 2024, up 8.6% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $188K | $202K | +7.4% |
| 3 Bedrooms | $232.4K | $270K | +16.2% |
| 4 Bedrooms | $300K | $322.5K | +7.5% |
| 5+ Bedrooms | $452.7K | $396.5K | -12.4% |
Summary: Delta Charter 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 7.4%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Cities
| Watertown Charter Township | $348K | $380K | +9.2% |
| Delta Charter Township | $253.1K | $275K | +8.6% |
| Lansing Charter Township | $137.5K | $149.1K | +8.4% |
| Lansing | $139.4K | $149.9K | +7.5% |
| DeWitt Charter Township | $335K | $330.4K | -1.4% |
Housing Supply in Delta Charter Township, MI
How many homes are available in Delta Charter Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 89 | 104 | +16.9% |
Summary: The Delta Charter Township real estate market had 104 homes for sale in May 2024, a 16.9% 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 | 16 | 22 | +37.5% |
| 3 Bedrooms | 40 | 40 | 0.0% |
| 4 Bedrooms | 24 | 31 | +29.2% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Delta Charter 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 increased by 37.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 28 | -17.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delta Charter Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Delta Charter Township in May 2024, down by 17.6% month-over-month. Of the 28 sold homes, 50% were sold under asking, 7% were sold at asking, and 43% were sold over asking.
Days on Market for Delta Charter Township, MI
How long does it take to sell a home in Delta Charter Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 29 Days | +11.2% |
Summary: Homes in Delta Charter Township had an average of 29 days on market in May 2024, up by 11.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Delta Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 28 homes were sold in Delta Charter Township; 79% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.