$2,078 Closing Credit*
$175,000
1,248 SqFt
3 Beds
•2 Full Baths
Marissa Stelzer Elevate Team, Listing Office: Michigan Top Producers
Is Allen Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Allen Township has remained a Seller's Market.
Key Takeaway
Allen Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allen Township, MI
How much do homes in Allen Township, MI cost?
Median Sold Price
$215,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$17,500(+8.9%)
Key Takeaway
Homes in Allen Township have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Allen Township was $215,000 in September 2024, up 8.9% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | - | N/A |
| 2 Bedrooms | $147.2K | $252.4K | +71.4% |
| 3 Bedrooms | $338.7K | $175K | -48.3% |
| 4 Bedrooms | $140K | $283.4K | +102.5% |
| 5+ Bedrooms | $312K | $322.4K | +3.3% |
Summary: Allen Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 71.4%, 3 bedroom homes decreased by 48.3%, 4 bedroom homes increased by 102.5%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Allen | $170K | $245K | +44.1% |
| Hillsdale Township | $165K | $188K | +13.9% |
| Allen Township | $197.5K | $215K | +8.9% |
| Fayette Township | $175K | $165K | -5.7% |
Housing Supply in Allen Township, MI
How many homes are available in Allen Township, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Allen Township real estate market had 13 homes for sale in September 2024, a 18.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Allen Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 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 Allen 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 Allen Township in September 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 Allen Township, MI
How long does it take to sell a home in Allen Township, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 44 Days | 61 Days | +37.4% |
Summary: Homes in Allen Township had an average of 61 days on market in Sep 2024, up by 37.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Allen Township has remained consistent over time.
Summary: During September 2024, 4 homes were sold in Allen Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
