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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Augusta Charter Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Augusta Charter Township was a Seller's Market.

Key Takeaway

Augusta Charter Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Augusta Charter Township, MI

How much do homes in Augusta Charter Township, MI cost?

Median Sold Price

$342,500

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,500(+2.2%)

Key Takeaway

Homes in Augusta Charter Township have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Augusta Charter Township was $342,500 in November 2024, up 2.2% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $160K-
N/A
2 $194K$235K
+21.1%
3 $303.2K$315K
+3.9%
4 $404.2K$402.5K
-0.4%
5+ $495K$559.1K
+13.0%

Summary: Augusta Charter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 13%.

Median Sold Price Compared To Nearby Cities

Sumpter Township
+7.0%
Ypsilanti Charter Township
+3.9%
Augusta Charter Township
+2.2%

Housing Supply in Augusta Charter Township, MI

How many homes are available in Augusta Charter Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3734-8.1%

Summary: The Augusta Charter Township real estate market had 34 homes for sale in November 2024, a 8.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 1821
+16.7%
4 95
-44.4%
5+ 44
0.0%

Summary: The Augusta Charter 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 decreased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
93-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Augusta Charter Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Augusta Charter Township in November 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Augusta Charter Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days11 Days-73.2%

Summary: Homes in Augusta Charter Township had an average of 11 days on market in Nov 2024, down by 73.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Augusta Charter Township; 100% of homes were sold within 30 days, 0% 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 17 Days Ago

Newest Listings in Augusta Charter Township, MI

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