Is Van Buren Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Van Buren Charter Township has remained a Seller's Market.
Housing Prices in Van Buren Charter Township, MI
How much do homes in Van Buren Charter Township, MI cost?
Median Sold Price
$295,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Van Buren Charter Township was $295,000 in April 2024, down 0.3% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $410K | N/A |
2 Bedrooms | $157.5K | $208.5K | +32.4% |
3 Bedrooms | $278.5K | $273.9K | -1.6% |
4 Bedrooms | $365K | $396.9K | +8.7% |
5+ Bedrooms | $382.5K | $467.5K | +22.2% |
Summary: Van Buren Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 22.2%.
Median Sold Price Compared To Nearby Cities
Romulus | $174.5K | $190.6K | +9.3% |
Canton Charter Township | $349.7K | $372.5K | +6.5% |
Van Buren Charter Township | $295.7K | $295K | -0.3% |
Sumpter Township | $280K | $275K | -1.8% |
Belleville | $260K | $249K | -4.2% |
Housing Supply in Van Buren Charter Township, MI
How many homes are available in Van Buren Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 56 | -16.4% |
Summary: The Van Buren Charter Township real estate market had 56 homes for sale in April 2024, a 16.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 11 | -38.9% |
3 Bedrooms | 24 | 19 | -20.8% |
4 Bedrooms | 24 | 26 | +8.3% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Van Buren Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 38.9%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 21 | -16.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Van Buren Charter Township in April 2024, down by 16.0% month-over-month. Of the 21 sold homes, 33% were sold under asking, 14% were sold at asking, and 52% were sold over asking.
Days on Market for Van Buren Charter Township, MI
How long does it take to sell a home in Van Buren Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 33 Days | +47.4% |
Summary: Homes in Van Buren Charter Township had an average of 33 days on market in Apr 2024, up by 47.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Van Buren Charter Township; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.