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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Swan Creek Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Swan Creek Township was a Buyer's Market.

Key Takeaway

Swan Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Swan Creek Township, MI

How much do homes in Swan Creek Township, MI cost?

Median Sold Price

$249,000

$141/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$124,000(-33.2%)

Key Takeaway

Homes in Swan Creek Township have sold for 33.2% less than they did a month ago.

Summary: The median home sold price in Swan Creek Township was $249,000 in September 2024, down 33.2% from last month, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 -$300K
N/A
4 -$249K
N/A
5+ $373K$220K
-41.0%

Summary: Swan Creek Township housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 41%.

Housing Supply in Swan Creek Township, MI

How many homes are available in Swan Creek Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
912+33.3%

Summary: The Swan Creek Township real estate market had 12 homes for sale in September 2024, a 33.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 68
+33.3%
4 12
+100.0%
5+ 21
-50.0%

Summary: The Swan Creek 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 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Swan Creek Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Swan Creek Township in September 2024, up by 400.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Swan Creek Township, MI

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

Average Sale Time

Aug 2024Sep 2024CHANGE
23 Days24 Days+6.1%

Summary: Homes in Swan Creek Township had an average of 24 days on market in Sep 2024, up by 6.1% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Swan Creek Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 5 homes were sold in Swan Creek Township; 60% of homes were sold within 30 days, 40% 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 Sep 1, 2024

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