Is Exeter 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, Exeter Township has remained a Seller's Market.
Housing Prices in Exeter Township, MI
How much do homes in Exeter Township, MI cost?
Median Sold Price
$300,225
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Exeter Township was $300,225 in May 2024, up 8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $225.9K | $211K | -6.6% |
3 Bedrooms | $274K | $281K | +2.6% |
4 Bedrooms | $285K | $299.9K | +5.3% |
5+ Bedrooms | $405K | $314.9K | -22.2% |
Summary: Exeter 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 6.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 22.2%.
Median Sold Price Compared To Nearby Cities
Maybee | $248.5K | $299.9K | +20.7% |
Ash Township | $260K | $290K | +11.5% |
Exeter Township | $278K | $300.2K | +8.0% |
Sumpter Township | $276.9K | $279.9K | +1.1% |
Housing Supply in Exeter Township, MI
How many homes are available in Exeter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 7 | -50.0% |
Summary: The Exeter Township real estate market had 7 homes for sale in May 2024, a 50.0% 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 | 5 | 5 | 0.0% |
4 Bedrooms | 5 | 2 | -60.0% |
5+ Bedrooms | 3 | 0 | -100.0% |
Summary: The Exeter 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 remained the same, 4 bedroom homes decreased by 60%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 2 | -77.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Exeter Township in May 2024, down by 77.8% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Exeter Township, MI
How long does it take to sell a home in Exeter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
61 Days | 40 Days | -35.0% |
Summary: Homes in Exeter Township had an average of 40 days on market in May 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Exeter Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.