Is Easton 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, Easton Township has remained a Seller's Market.
Key Takeaway
Easton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Easton Township, MI
How much do homes in Easton Township, MI cost?
Median Sold Price
$217,500
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Easton Township have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Easton Township was $217,500 in May 2024, down 2.5% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $208K | - | N/A |
| 2 Bedrooms | $196.5K | $120K | -38.9% |
| 3 Bedrooms | $199K | $217K | +9.0% |
| 4 Bedrooms | $277.4K | $277.5K | 0.0% |
| 5+ Bedrooms | - | $500K | N/A |
Summary: Easton 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 decreased by 38.9%, 3 bedroom homes increased by 9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ionia Township | $176.4K | $197.5K | +11.9% |
| Ionia | $177.4K | $196K | +10.5% |
| Easton Township | $223K | $217.5K | -2.5% |
| Orleans Township | $227K | $220K | -3.1% |
| Berlin Township | $270K | $253K | -6.3% |
Housing Supply in Easton Township, MI
How many homes are available in Easton Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Summary: The Easton Township real estate market had 10 homes for sale in May 2024, a 33.3% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 10 | 6 | -40.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Easton 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 100%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Easton Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Easton Township in May 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Easton Township, MI
How long does it take to sell a home in Easton Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 26 Days | +96.3% |
Summary: Homes in Easton Township had an average of 26 days on market in May 2024, up by 96.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Easton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Easton Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
