Is Constantine, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Constantine was a Neutral Market.
Key Takeaway
Constantine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Constantine, MI
How much do homes in Constantine, MI cost?
Median Sold Price
$180,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Constantine have sold for 8.2% less than they did a year ago.
Summary: The median home sold price in Constantine was $180,000 in May 2024, down 8.2% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | - | N/A |
| 2 Bedrooms | $90K | $94.9K | +5.5% |
| 3 Bedrooms | $196K | $169K | -13.8% |
| 4 Bedrooms | $337.5K | $239.9K | -28.9% |
| 5+ Bedrooms | $50.5K | $215K | +325.7% |
Summary: Constantine 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 5.5%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 28.9%, and 5+ bedroom homes increased by 325.7%.
Median Sold Price Compared To Nearby Cities
| Constantine | $196K | $180K | -8.2% |
| Constantine Township | $196K | $180K | -8.2% |
Housing Supply in Constantine, MI
How many homes are available in Constantine, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Constantine real estate market had 14 homes for sale in May 2024, a 6.7% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Constantine 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 decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Constantine, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Constantine in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Constantine, MI
How long does it take to sell a home in Constantine, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 78 Days | +275.0% |
Summary: Homes in Constantine had an average of 78 days on market in May 2024, up by 275% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Constantine has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Constantine; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
