Is Monitor Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Monitor Charter Township was a Buyer's Market.
Housing Prices in Monitor Charter Township, MI
How much do homes in Monitor Charter Township, MI cost?
Median Sold Price
$195,500
$150/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Monitor Charter Township was $195,500 in May 2024, down 18.5% from last month, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $186.5K | N/A |
3 Bedrooms | $240K | $196K | -18.3% |
4 Bedrooms | - | $297K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Monitor Charter Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 18.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Monitor Charter Township, MI
How many homes are available in Monitor Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 26 | +30.0% |
Summary: The Monitor Charter Township real estate market had 26 homes for sale in May 2024, a 30.0% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Monitor 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 10 | +400.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Monitor Charter Township in May 2024, up by 400.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for Monitor Charter Township, MI
How long does it take to sell a home in Monitor Charter Township, MI?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 Days | 24 Days | -59.0% |
Summary: Homes in Monitor Charter Township had an average of 24 days on market in May 2024, down by 59% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Monitor Charter Township; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.