$2,018 Closing Credit*
$169,900
2,854 SqFt
3 Beds
•2 Full Baths
Amy Dryer, Listing Office: Playford Real Estate
Is Albion 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, Albion Township has remained a Seller's Market.
Key Takeaway
Albion Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Albion Township, MI
How much do homes in Albion Township, MI cost?
Median Sold Price
$135,000
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,750(+5.3%)
Key Takeaway
Homes in Albion Township have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Albion Township was $135,000 in October 2024, up 5.3% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79.9K | $80.2K | 0.4% |
| 2 Bedrooms | $83.9K | $126K | +50.2% |
| 3 Bedrooms | $144K | $147.5K | +2.4% |
| 4 Bedrooms | $158.3K | $144K | -9.0% |
| 5+ Bedrooms | $182.5K | $140.7K | -22.9% |
Summary: Albion Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 50.2%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 22.9%.
Median Sold Price Compared To Nearby Cities
| Albion | $127.5K | $135K | +5.9% |
| Albion Township | $128.2K | $135K | +5.3% |
| Homer Township | $150K | $152.5K | +1.7% |
| Concord Township | $239K | $230K | -3.8% |
| Sheridan Township | $195K | $164.9K | -15.4% |
Housing Supply in Albion Township, MI
How many homes are available in Albion Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 62 | +3.3% |
Summary: The Albion Township real estate market had 62 homes for sale in October 2024, a 3.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 37 | 35 | -5.4% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Albion Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Albion Township, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Albion Township in October 2024, up by 45.5% month-over-month. Of the 16 sold homes, 44% were sold under asking, 25% were sold at asking, and 31% were sold over asking.
Days on Market for Albion Township, MI
How long does it take to sell a home in Albion Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 31 Days | -6.7% |
Summary: Homes in Albion Township had an average of 31 days on market in Oct 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Albion Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Albion Township; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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