Is Napoleon 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, Napoleon Township has remained a Seller's Market.
Key Takeaway
Napoleon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Napoleon Township, MI
How much do homes in Napoleon Township, MI cost?
Median Sold Price
$276,400
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Napoleon Township have sold for 21.5% more than they did a year ago.
Summary: The median home sold price in Napoleon Township was $276,400 in May 2024, up 21.5% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.5K | $186.5K | +14.8% |
| 2 Bedrooms | $179.2K | $188K | +4.9% |
| 3 Bedrooms | $221.5K | $241K | +8.8% |
| 4 Bedrooms | $282.9K | $329.9K | +16.6% |
| 5+ Bedrooms | $275K | $359.5K | +30.7% |
Summary: Napoleon Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 30.7%.
Median Sold Price Compared To Nearby Cities
| Napoleon Township | $227.4K | $276.4K | +21.5% |
| Michigan Center | $175.5K | $197.5K | +12.5% |
| Grass Lake Charter Township | $340K | $334.8K | -1.5% |
| Clarklake | $439.5K | $375K | -14.7% |
Housing Supply in Napoleon Township, MI
How many homes are available in Napoleon Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 30 | +20.0% |
Summary: The Napoleon Township real estate market had 30 homes for sale in May 2024, a 20.0% 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 | 7 | 5 | -28.6% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Napoleon 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 28.6%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Napoleon Township, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Napoleon Township in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Napoleon Township, MI
How long does it take to sell a home in Napoleon Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 28 Days | -33.4% |
Summary: Homes in Napoleon Township had an average of 28 days on market in May 2024, down by 33.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Napoleon Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Napoleon Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
