$44,900
1.00 Acres
Land
Randall J Baas, Listing Office: Randall J Baas, REALTOR
Is Alamo Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Alamo Township has remained a Seller's Market.
Key Takeaway
Alamo Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alamo Township, MI
How much do homes in Alamo Township, MI cost?
Median Sold Price
$432,500
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$132,500(+44.2%)
Key Takeaway
Homes in Alamo Township have sold for 44.2% more than they did a year ago.
Summary: The median home sold price in Alamo Township was $432,500 in October 2024, up 44.2% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $187.9K | $454.4K | +141.8% |
| 3 Bedrooms | $289.9K | $410K | +41.4% |
| 4 Bedrooms | $370K | $272.5K | -26.4% |
| 5+ Bedrooms | $397K | $650K | +63.7% |
Summary: Alamo Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 141.8%, 3 bedroom homes increased by 41.4%, 4 bedroom homes decreased by 26.4%, and 5+ bedroom homes increased by 63.7%.
Median Sold Price Compared To Nearby Cities
| Alamo Township | $300K | $432.5K | +44.2% |
| Cooper Charter Township | $227K | $265K | +16.7% |
| Otsego Township | $234.9K | $255K | +8.5% |
| Oshtemo Charter Township | $324.9K | $335K | +3.1% |
| Pine Grove Township | $244.9K | $247.5K | +1.0% |
Housing Supply in Alamo Township, MI
How many homes are available in Alamo Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The Alamo Township real estate market had 8 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Alamo Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Alamo Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Alamo Township in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Alamo Township, MI
How long does it take to sell a home in Alamo Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 25 Days | +68.9% |
Summary: Homes in Alamo Township had an average of 25 days on market in Oct 2024, up by 68.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Alamo Township has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Alamo Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
