$3,833 Closing Credit*
$322,800
1,725 SqFt
4 Beds
•2 Full Baths
Carle Watts, Listing Office: Lifestyles Real Estate and Staging LLC
Is Burlington Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Burlington Township was a Seller's Market.
Key Takeaway
Burlington Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Burlington Township, MI
How much do homes in Burlington Township, MI cost?
Median Sold Price
$205,719
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,719(+18.9%)
Key Takeaway
Homes in Burlington Township have sold for 18.9% more than they did a year ago.
Summary: The median home sold price in Burlington Township was $205,719 in October 2024, up 18.9% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $125.5K | $100K | -20.3% |
| 3 Bedrooms | $139.5K | $214.4K | +53.7% |
| 4 Bedrooms | $265K | $295K | +11.3% |
| 5+ Bedrooms | $375K | - | N/A |
Summary: Burlington Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.3%, 3 bedroom homes increased by 53.7%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Union City | $134.7K | $184K | +36.5% |
| Burlington Township | $173K | $205.7K | +18.9% |
| Tekonsha Township | $150K | $142.4K | -5.1% |
Housing Supply in Burlington Township, MI
How many homes are available in Burlington Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The Burlington Township real estate market had 6 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Burlington 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 decreased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Burlington Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Burlington Township in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Burlington Township, MI
How long does it take to sell a home in Burlington Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 1 Day | -97.5% |
Summary: Homes in Burlington Township had an average of 1 days on market in Oct 2024, down by 97.5% compared to last year.
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
Key Takeaway
Many homes in Burlington Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Burlington 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.
