Is Camden 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, Camden Township has remained a Seller's Market.
Housing Prices in Camden Township, MI
How much do homes in Camden Township, MI cost?
Median Sold Price
$229,500
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Camden Township was $229,500 in May 2024, up 31.1% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $78K | - | N/A |
2 Bedrooms | $120K | $159K | +32.5% |
3 Bedrooms | $205K | $226K | +10.2% |
4 Bedrooms | $135K | $282.5K | +109.3% |
5+ Bedrooms | $600K | $492.5K | -17.9% |
Summary: Camden Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.5%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 109.3%, and 5+ bedroom homes decreased by 17.9%.
Median Sold Price Compared To Nearby Cities
Montgomery | $120K | $178.7K | +49.0% |
Montgomery | $120K | $158.7K | +32.3% |
Camden Township | $175K | $229.5K | +31.1% |
Reading Township | $149K | $192.9K | +29.5% |
Camden | $215K | $260K | +20.9% |
Housing Supply in Camden Township, MI
How many homes are available in Camden Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Summary: The Camden Township real estate market had 16 homes for sale in May 2024, a 33.3% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 2 | 5 | +150.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Camden 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 remained the same, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Camden Township in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Camden Township, MI
How long does it take to sell a home in Camden Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 148 Days | +224.6% |
Summary: Homes in Camden Township had an average of 148 days on market in May 2024, up by 224.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Camden Township; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.