Is Centerville Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Centerville Township is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Centerville Township was a Seller's Market.

Key Takeaway

Centerville Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Centerville Township, MI

How much do homes in Centerville Township, MI cost?

Median Sold Price

$485,000

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$375,622(-43.6%)

Key Takeaway

Homes in Centerville Township have sold for 43.6% less than they did a year ago.

Summary: The median home sold price in Centerville Township was $485,000 in September 2024, down 43.6% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $1.0M$373.6K
-63.8%
3 $914.2K$455K
-50.2%
4 $165K$1.0M
+522.7%
5+ -$835K
N/A

Summary: Centerville 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 decreased by 63.8%, 3 bedroom homes decreased by 50.2%, 4 bedroom homes increased by 522.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Suttons Bay Township
+19.0%
Cedar
-4.5%
Lake Leelanau
-6.8%
Centerville Township
-43.6%
Bingham Township
-48.3%

Housing Supply in Centerville Township, MI

How many homes are available in Centerville Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1316+23.1%

Summary: The Centerville Township real estate market had 16 homes for sale in September 2024, a 23.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 45
+25.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Centerville 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 increased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Centerville Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Centerville Township in September 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Centerville Township, MI

How long does it take to sell a home in Centerville Township, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
55 Days30 Days-45.9%

Summary: Homes in Centerville Township had an average of 30 days on market in Sep 2024, down by 45.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Centerville Township has remained consistent over time.

Summary: During September 2024, 1 homes were sold in Centerville Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Centerville Township, MI

Nearby Markets to Centerville Township, MI

What housing markets are near Centerville Township, MI?