Is Adrian 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, Adrian Township has remained a Seller's Market.
Key Takeaway
Adrian Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Adrian Township, MI
How much do homes in Adrian Township, MI cost?
Median Sold Price
$184,666
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Adrian Township have sold for 16% less than they did a year ago.
Summary: The median home sold price in Adrian Township was $184,666 in April 2024, down 16% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $47K | $61.6K | +31.2% |
| 2 Bedrooms | $110K | $130K | +18.2% |
| 3 Bedrooms | $224K | $182K | -18.8% |
| 4 Bedrooms | $240K | $249.9K | +4.1% |
| 5+ Bedrooms | $352.5K | $185K | -47.5% |
Summary: Adrian Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.2%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 47.5%.
Median Sold Price Compared To Nearby Cities
| Adrian | $160K | $184.6K | +15.4% |
| Franklin Township | $440K | $483K | +9.8% |
| Raisin Township | $261.4K | $270K | +3.3% |
| Adrian Township | $219.7K | $184.6K | -16.0% |
Housing Supply in Adrian Township, MI
How many homes are available in Adrian Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 122 | 124 | +1.6% |
Summary: The Adrian Township real estate market had 124 homes for sale in April 2024, a 1.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 60 | 60 | 0.0% |
| 4 Bedrooms | 38 | 41 | +7.9% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Adrian Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 34 | +6.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Adrian Township, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Adrian Township in April 2024, up by 6.3% month-over-month. Of the 34 sold homes, 47% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for Adrian Township, MI
How long does it take to sell a home in Adrian Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 72 Days | 44 Days | -37.6% |
Summary: Homes in Adrian Township had an average of 44 days on market in Apr 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Adrian Township has remained consistent over time.
Summary: During April 2024, 34 homes were sold in Adrian Township; 35% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.