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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bourret Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Bourret Township has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Bourret Township, MI

How much do homes in Bourret Township, MI cost?

Median Sold Price

$115,000

$221/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$45,000(+64.3%)

Key Takeaway

Homes in Bourret Township have sold for 64.3% more than they did a month ago.

Summary: The median home sold price in Bourret Township was $115,000 in October 2024, up 64.3% from last month, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$115K
N/A
3 $70K-
N/A
4 --
N/A
5+ --
N/A

Summary: Bourret Township housing prices by bedroom type for October 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Bourret Township
+64.3%
Moffatt Township
+21.4%
Edwards Township
-71.6%

Housing Supply in Bourret Township, MI

How many homes are available in Bourret Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
98-11.1%

Summary: The Bourret Township real estate market had 8 homes for sale in October 2024, a 11.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 33
0.0%
3 43
-25.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Bourret Township housing inventory by bedroom type for October 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bourret Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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

Days on Market for Bourret Township, MI

We’re sorry, we don't have information for this market at the moment

Breakdown of Home Sale Times

1 Home Was 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 Bourret Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Bourret 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 20 Days Ago

Newest Listings in Bourret Township, MI

Nearby Markets to Bourret Township, MI

What housing markets are near Bourret Township, MI?