$5,200 Closing Credit*
$437,900
1,296 SqFt
3 Beds
•2 Full Baths, 1 Partial
Brandon Holmes, Listing Office: Hanson Real Estate Group
Is Allendale Charter 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, Allendale Charter Township has remained a Seller's Market.
Key Takeaway
Allendale Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allendale Charter Township, MI
How much do homes in Allendale Charter Township, MI cost?
Median Sold Price
$415,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,270(+13.5%)
Key Takeaway
Homes in Allendale Charter Township have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Allendale Charter Township was $415,000 in October 2024, up 13.5% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $317.5K | -11.8% |
| 2 Bedrooms | $344K | $365K | +6.1% |
| 3 Bedrooms | $354.9K | $385K | +8.5% |
| 4 Bedrooms | $364.9K | $430K | +17.8% |
| 5+ Bedrooms | $439.5K | $551K | +25.4% |
Summary: Allendale Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 25.4%.
Median Sold Price Compared To Nearby Cities
| Allendale Charter Township | $365.7K | $415K | +13.5% |
| Allendale | $365.7K | $415K | +13.5% |
| Tallmadge Charter Township | $428.5K | $397.9K | -7.1% |
Housing Supply in Allendale Charter Township, MI
How many homes are available in Allendale Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 89 | +2.3% |
Summary: The Allendale Charter Township real estate market had 89 homes for sale in October 2024, a 2.3% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 39 | 41 | +5.1% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Allendale Charter 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 decreased by 3.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 24 | +26.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allendale Charter Township, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Allendale Charter Township in October 2024, up by 26.3% month-over-month. Of the 24 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for Allendale Charter Township, MI
How long does it take to sell a home in Allendale Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 69 Days | 34 Days | -50.3% |
Summary: Homes in Allendale Charter Township had an average of 34 days on market in Oct 2024, down by 50.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Allendale Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Allendale Charter Township; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
