Is Ellsworth 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, Ellsworth Township has remained a Seller's Market.
Key Takeaway
Ellsworth Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellsworth Township, MI
How much do homes in Ellsworth Township, MI cost?
Median Sold Price
$259,900
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ellsworth Township have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Ellsworth Township was $259,900 in May 2024, up 12.8% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $187.5K | N/A |
| 2 Bedrooms | $99.5K | $200K | +101.0% |
| 3 Bedrooms | $237.5K | $238.2K | 0.3% |
| 4 Bedrooms | $237K | $380K | +60.3% |
| 5+ Bedrooms | $340.5K | $950.5K | +179.1% |
Summary: Ellsworth Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 101%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 60.3%, and 5+ bedroom homes increased by 179.1%.
Housing Supply in Ellsworth Township, MI
How many homes are available in Ellsworth Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Ellsworth Township real estate market had 11 homes for sale in May 2024, a 8.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ellsworth Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellsworth Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Ellsworth Township in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Ellsworth Township, MI
How long does it take to sell a home in Ellsworth Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 676 Days | 29 Days | -95.7% |
Summary: Homes in Ellsworth Township had an average of 29 days on market in May 2024, down by 95.7% compared to last year.
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
Key Takeaway
Many homes in Ellsworth Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Ellsworth Township; 33% 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.
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