Is Blackman Charter 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, Blackman Charter Township has remained a Seller's Market.
Housing Prices in Blackman Charter Township, MI
How much do homes in Blackman Charter Township, MI cost?
Median Sold Price
$190,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Blackman Charter Township was $190,500 in May 2024, up 10.6% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.5K | $58.5K | -13.3% |
2 Bedrooms | $125K | $136K | +8.8% |
3 Bedrooms | $180.5K | $197K | +9.1% |
4 Bedrooms | $250K | $275K | +10.0% |
5+ Bedrooms | $234.3K | $202.4K | -13.6% |
Summary: Blackman Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 13.6%.
Median Sold Price Compared To Nearby Cities
Jackson | $155K | $175.1K | +13.0% |
Summit Township | $193.6K | $218.2K | +12.7% |
Blackman Charter Township | $172.2K | $190.5K | +10.6% |
Leoni Township | $195K | $215K | +10.3% |
Housing Supply in Blackman Charter Township, MI
How many homes are available in Blackman Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 43 | +16.2% |
Summary: The Blackman Charter Township real estate market had 43 homes for sale in May 2024, a 16.2% increase 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 | 6 | 6 | 0.0% |
3 Bedrooms | 21 | 26 | +23.8% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Blackman Charter 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 increased by 23.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Blackman Charter Township in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Blackman Charter Township, MI
How long does it take to sell a home in Blackman Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 65 Days | +65.7% |
Summary: Homes in Blackman Charter Township had an average of 65 days on market in May 2024, up by 65.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Blackman Charter Township; 22% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.