$2,078 Closing Credit*
$175,000
1,248 SqFt
3 Beds
•2 Full Baths
Marissa Stelzer Elevate Team, Listing Office: Michigan Top Producers
Is Allen 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, Allen Township has remained a Seller's Market.
Key Takeaway
Allen Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allen Township, MI
How much do homes in Allen Township, MI cost?
Median Sold Price
$219,750
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,750(+7.2%)
Key Takeaway
Homes in Allen Township have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Allen Township was $219,750 in October 2024, up 7.2% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | - | N/A |
| 2 Bedrooms | $147.2K | $252.4K | +71.4% |
| 3 Bedrooms | $380K | $177.5K | -53.3% |
| 4 Bedrooms | $140K | $283.4K | +102.5% |
| 5+ Bedrooms | $312K | $322.4K | +3.3% |
Summary: Allen 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 71.4%, 3 bedroom homes decreased by 53.3%, 4 bedroom homes increased by 102.5%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Allen | $170K | $245K | +44.1% |
| Hillsdale Township | $160.5K | $188.9K | +17.7% |
| Allen Township | $205K | $219.7K | +7.2% |
| Litchfield Township | $137K | $135K | -1.5% |
| Fayette Township | $179K | $157K | -12.3% |
Housing Supply in Allen Township, MI
How many homes are available in Allen Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Allen Township real estate market had 10 homes for sale in October 2024, a 9.1% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Allen 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Allen Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Allen Township in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Allen Township, MI
How long does it take to sell a home in Allen Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 80 Days | +250.0% |
Summary: Homes in Allen Township had an average of 80 days on market in Oct 2024, up by 250% compared to last year.
Breakdown of Home Sale Times
0 Homes Were 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 Allen Township has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Allen Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
