Is Montcalm Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Montcalm Township was a Neutral Market.
Housing Prices in Montcalm Township, MI
How much do homes in Montcalm Township, MI cost?
Median Sold Price
$250,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Montcalm Township was $250,000 in May 2024, up 13.9% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | $185K | -5.1% |
3 Bedrooms | $209.9K | $269K | +28.2% |
4 Bedrooms | $282.5K | $269.9K | -4.4% |
5+ Bedrooms | $570K | $389.2K | -31.7% |
Summary: Montcalm 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 decreased by 5.1%, 3 bedroom homes increased by 28.2%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 31.7%.
Median Sold Price Compared To Nearby Cities
Sidney Township | $185K | $235K | +27.0% |
Montcalm Township | $219.5K | $250K | +13.9% |
Eureka Township | $294K | $275.9K | -6.1% |
Gowen | $290K | $250K | -13.8% |
Housing Supply in Montcalm Township, MI
How many homes are available in Montcalm Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Summary: The Montcalm Township real estate market had 13 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Montcalm 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Montcalm Township in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Montcalm Township, MI
How long does it take to sell a home in Montcalm Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 56 Days | +146.4% |
Summary: Homes in Montcalm Township had an average of 56 days on market in May 2024, up by 146.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Montcalm Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.