$2,255 Closing Credit*
$189,900
1,120 SqFt
3 Beds
•1 Full Bath, 1 Partial
Lindy Benson, Listing Office: REMAX Central
Is Burns Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Burns Township has remained a Seller's Market.
Key Takeaway
Burns Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burns Township, MI
How much do homes in Burns Township, MI cost?
Median Sold Price
$250,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$17,500(+7.5%)
Key Takeaway
Homes in Burns Township have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Burns Township was $250,000 in December 2024, up 7.5% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $260K | N/A |
| 2 Bedrooms | $173.5K | $200K | +15.3% |
| 3 Bedrooms | $236K | $254K | +7.6% |
| 4 Bedrooms | $267K | $132K | -50.6% |
| 5+ Bedrooms | $372.5K | $227.2K | -39.0% |
Summary: Burns Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 50.6%, and 5+ bedroom homes decreased by 39%.
Median Sold Price Compared To Nearby Cities
| Gaines Township | $233.7K | $260K | +11.2% |
| Burns Township | $232.5K | $250K | +7.5% |
| Byron | $297.7K | $272.5K | -8.5% |
| Vernon Township | $180K | $160K | -11.1% |
| Argentine Township | $356K | $295K | -17.1% |
Housing Supply in Burns Township, MI
How many homes are available in Burns Township, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Summary: The Burns Township real estate market had 8 homes for sale in December 2024, a 33.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Burns Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burns 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 Burns Township in December 2024, down by 25.0% 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 Burns Township, MI
How long does it take to sell a home in Burns Township, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 9 Days | 18 Days | +100.0% |
Summary: Homes in Burns Township had an average of 18 days on market in Dec 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burns Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 3 homes were sold in Burns Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
