Is Burlington 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, Burlington Township has remained a Seller's Market.
Housing Prices in Burlington Township, MI
How much do homes in Burlington Township, MI cost?
Median Sold Price
$204,950
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Burlington Township was $204,950 in April 2024, up 13.9% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $29K | -74.8% |
2 Bedrooms | $210.2K | $181K | -13.9% |
3 Bedrooms | $169.9K | $190K | +11.8% |
4 Bedrooms | $185K | $290K | +56.8% |
5+ Bedrooms | $244.9K | $288K | +17.6% |
Summary: Burlington Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 74.8%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 56.8%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
Burlington Township | $179.9K | $204.9K | +13.9% |
North Branch Township | $224.9K | $244K | +8.5% |
Housing Supply in Burlington Township, MI
How many homes are available in Burlington Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Summary: The Burlington Township real estate market had 9 homes for sale in April 2024, a 25.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Burlington 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 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Burlington Township in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Burlington Township, MI
How long does it take to sell a home in Burlington Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Burlington Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.