$2,138 Closing Credit*
$180,000
1,128 SqFt
2 Beds
•1 Full Bath
Rachel Asiala, Daniel Jakubowski, Listing Office: City2Shore Gateway Group of Byron Center
Is Allegan 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, Allegan Township has remained a Seller's Market.
Key Takeaway
Allegan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allegan Township, MI
How much do homes in Allegan Township, MI cost?
Median Sold Price
$250,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,091(+2.9%)
Key Takeaway
Homes in Allegan Township have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Allegan Township was $250,000 in October 2024, up 2.9% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146K | $266K | +82.2% |
| 2 Bedrooms | $220K | $235K | +6.8% |
| 3 Bedrooms | $240.4K | $239.4K | -0.4% |
| 4 Bedrooms | $299.9K | $317.5K | +5.9% |
| 5+ Bedrooms | $207.5K | $310K | +49.4% |
Summary: Allegan Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 82.2%, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 49.4%.
Median Sold Price Compared To Nearby Cities
| Trowbridge Township | $254.9K | $289.9K | +13.7% |
| Allegan Township | $242.9K | $250K | +2.9% |
| Allegan | $242.9K | $250K | +2.9% |
| Monterey Township | $309.5K | $250K | -19.2% |
Housing Supply in Allegan Township, MI
How many homes are available in Allegan Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 64 | +1.6% |
Summary: The Allegan Township real estate market had 64 homes for sale in October 2024, a 1.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Allegan 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 20%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allegan Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Allegan Township in October 2024, down by 30.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.
Days on Market for Allegan Township, MI
How long does it take to sell a home in Allegan Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 29 Days | -30.2% |
Summary: Homes in Allegan Township had an average of 29 days on market in Oct 2024, down by 30.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Allegan Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Allegan Township; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.