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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boardman Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Boardman Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Boardman Township, MI

How much do homes in Boardman Township, MI cost?

Median Sold Price

$206,500

$172/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$4,750(+2.4%)

Key Takeaway

Homes in Boardman Township have sold for 2.4% more than they did a month ago.

Summary: The median home sold price in Boardman Township was $206,500 in November 2024, up 2.4% from last month, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $52K$35K
-32.7%
2 $175.5K$213.4K
+21.6%
3 $237.5K$206.5K
-13.1%
4 --
N/A
5+ --
N/A

Summary: Boardman Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 32.7%, 2 bedroom homes increased by 21.6%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Union Township
+215.2%
South Boardman
+4.1%
Boardman Township
+2.4%

Housing Supply in Boardman Township, MI

How many homes are available in Boardman Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
107-30.0%

Summary: The Boardman Township real estate market had 7 homes for sale in November 2024, a 30.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 32
-33.3%
3 43
-25.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Boardman Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boardman Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Boardman Township in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Boardman Township, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
54 Days53 Days-1.5%

Summary: Homes in Boardman Township had an average of 53 days on market in Nov 2024, down by 1.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Boardman 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 21 Days Ago

Newest Listings in Boardman Township, MI

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