Is Tuscarora 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, Tuscarora Township has remained a Seller's Market.
Housing Prices in Tuscarora Township, MI
How much do homes in Tuscarora Township, MI cost?
Median Sold Price
$374,250
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tuscarora Township was $374,250 in May 2024, up 38.6% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $154.9K | $165K | +6.5% |
2 Bedrooms | $248.7K | $257K | +3.3% |
3 Bedrooms | $265K | $374.2K | +41.2% |
4 Bedrooms | $299K | $480K | +60.5% |
5+ Bedrooms | $857.5K | $668K | -22.1% |
Summary: Tuscarora Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 41.2%, 4 bedroom homes increased by 60.5%, and 5+ bedroom homes decreased by 22.1%.
Median Sold Price Compared To Nearby Cities
Tuscarora Township | $270K | $374.2K | +38.6% |
Indian River | $270K | $350K | +29.6% |
Burt Township | $185K | $219.9K | +18.9% |
Housing Supply in Tuscarora Township, MI
How many homes are available in Tuscarora Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Summary: The Tuscarora Township real estate market had 25 homes for sale in May 2024, a 3.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tuscarora 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 decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Tuscarora Township in May 2024, the same as the previous month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Tuscarora Township, MI
How long does it take to sell a home in Tuscarora Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Tuscarora Township; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.