Is Union Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Union Township was a Buyer's Market.
Key Takeaway
Union Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Union Township, MI
How much do homes in Union Township, MI cost?
Median Sold Price
$215,500
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Union Township have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Union Township was $215,500 in April 2024, up 15.9% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209K | $77.9K | -62.7% |
| 2 Bedrooms | $169K | $185K | +9.5% |
| 3 Bedrooms | $171.9K | $240K | +39.6% |
| 4 Bedrooms | $222.4K | $225.5K | +1.4% |
| 5+ Bedrooms | $2.0M | $113K | -94.3% |
Summary: Union Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.7%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 39.6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 94.3%.
Median Sold Price Compared To Nearby Cities
| Burlington Township | $165K | $265K | +60.6% |
| Union City | $139.5K | $175K | +25.4% |
| Union Township | $185.8K | $215.5K | +15.9% |
| Sherwood Township | $192.9K | $169.9K | -11.9% |
Housing Supply in Union Township, MI
How many homes are available in Union Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The Union Township real estate market had 20 homes for sale in April 2024, a 11.1% increase 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Union 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
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 Union Township, 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 Union Township in April 2024, up by 100.0% 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 Union Township, MI
How long does it take to sell a home in Union Township, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Union Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Union Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
