Is Amber Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Amber Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Amber Township was a Buyer's Market.

Key Takeaway

Amber Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Amber Township, MI

How much do homes in Amber Township, MI cost?

Median Sold Price

$172,000

$161/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$33,000(-16.1%)

Key Takeaway

Homes in Amber Township have sold for 16.1% less than they did a month ago.

Summary: The median home sold price in Amber Township was $172,000 in November 2024, down 16.1% from last month, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $205K$172K
-16.1%
4 --
N/A
5+ --
N/A

Summary: Amber Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 16.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Custer Township
+81.7%
Amber Township
-16.1%

Housing Supply in Amber Township, MI

How many homes are available in Amber Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
97-22.2%

Summary: The Amber Township real estate market had 7 homes for sale in November 2024, a 22.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 64
-33.3%
4 22
0.0%
5+ 00
0.0%

Summary: The Amber Township housing inventory by bedroom type for November 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer100%

Key Takeaway

If you're buying a home in Amber Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Amber Township in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Amber Township, MI

How long does it take to sell a home in Amber Township, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
23 Days35 Days+52.2%

Summary: Homes in Amber Township had an average of 35 days on market in Nov 2024, up by 52.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times100%

Key Takeaway

Avg time on Rocket Homes in Amber Township has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Amber 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in Amber Township, MI

Nearby Markets to Amber Township, MI

What housing markets are near Amber Township, MI?