$8,301 Closing Credit*
$699,000
1,798 SqFt
4 Beds
•2 Full Baths, 1 Partial
Sarah Underwood, Listing Office: Redfin Corporation
Is Ann Arbor 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, Ann Arbor Charter Township has remained a Seller's Market.
Key Takeaway
Ann Arbor Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ann Arbor Charter Township, MI
How much do homes in Ann Arbor Charter Township, MI cost?
Median Sold Price
$500,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,880(+4.1%)
Key Takeaway
Homes in Ann Arbor Charter Township have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Ann Arbor Charter Township was $500,000 in October 2024, up 4.1% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.5K | $246K | +10.6% |
| 2 Bedrooms | $298.7K | $315K | +5.4% |
| 3 Bedrooms | $449.6K | $474.8K | +5.6% |
| 4 Bedrooms | $610K | $638.6K | +4.7% |
| 5+ Bedrooms | $904K | $875.5K | -3.2% |
Summary: Ann Arbor Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Ann Arbor | $479.8K | $500.1K | +4.2% |
| Ann Arbor Charter Township | $480.1K | $500K | +4.1% |
| Superior Charter Township | $362K | $367.2K | +1.5% |
| Scio Township | $549.6K | $533.8K | -2.9% |
Housing Supply in Ann Arbor Charter Township, MI
How many homes are available in Ann Arbor Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 419 | 456 | +8.8% |
Summary: The Ann Arbor Charter Township real estate market had 456 homes for sale in October 2024, a 8.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 12 | -20.0% |
| 2 Bedrooms | 85 | 99 | +16.5% |
| 3 Bedrooms | 158 | 175 | +10.8% |
| 4 Bedrooms | 107 | 113 | +5.6% |
| 5+ Bedrooms | 54 | 57 | +5.6% |
Summary: The Ann Arbor Charter Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 110 | +20.9% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ann Arbor Charter Township, you may be able to get a good deal. 48.2% of homes here sold below asking price last month.
Summary: A total of 110 homes were sold or pending in Ann Arbor Charter Township in October 2024, up by 20.9% month-over-month. Of the 110 sold homes, 48% were sold under asking, 13% were sold at asking, and 39% were sold over asking.
Days on Market for Ann Arbor Charter Township, MI
How long does it take to sell a home in Ann Arbor Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 32 Days | -31.0% |
Summary: Homes in Ann Arbor Charter Township had an average of 32 days on market in Oct 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ann Arbor Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 110 homes were sold in Ann Arbor Charter Township; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% 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.