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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arbela Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

Arbela Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Arbela Township, MI

How much do homes in Arbela Township, MI cost?

Median Sold Price

$123,750

$99/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$95,250(-43.5%)

Key Takeaway

Homes in Arbela Township have sold for 43.5% less than they did a month ago.

Summary: The median home sold price in Arbela Township was $123,750 in December 2024, down 43.5% from last month, and the median price per square foot was $99.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $219K$105.7K
-51.7%
3 -$104K
N/A
4 -$355K
N/A
5+ --
N/A

Summary: Arbela Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 51.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Tuscola Township
-32.6%
Arbela Township
-43.5%

Housing Supply in Arbela Township, MI

How many homes are available in Arbela Township, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1110-9.1%

Summary: The Arbela Township real estate market had 10 homes for sale in December 2024, a 9.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 44
0.0%
4 22
0.0%
5+ 11
0.0%

Summary: The Arbela Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer75%25%

Key Takeaway

If you're buying a home in Arbela Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Arbela Township in December 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Arbela Township, MI

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

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times50%50%

Key Takeaway

Many homes in Arbela Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in Arbela Township; 50% of homes were sold within 30 days, 50% 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 9 Days Ago

Newest Listings in Arbela Township, MI

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