Is Burns Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Burns Township has remained a Seller's Market.
Housing Prices in Burns Township, MI
How much do homes in Burns Township, MI cost?
Median Sold Price
$231,500
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Burns Township was $231,500 in April 2024, down 0.9% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215K | $152.4K | -29.1% |
3 Bedrooms | $229.2K | $228K | -0.5% |
4 Bedrooms | $328K | $267.5K | -18.4% |
5+ Bedrooms | $237.1K | $265K | +11.7% |
Summary: Burns Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.1%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Cities
Argentine Township | $340K | $367K | +7.9% |
Burns Township | $233.5K | $231.5K | -0.9% |
Gaines Township | $249.9K | $238K | -4.8% |
Byron | $300K | $285K | -5.0% |
Vernon Township | $199K | $177.5K | -10.8% |
Housing Supply in Burns Township, MI
How many homes are available in Burns Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Summary: The Burns Township real estate market had 4 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Burns Township housing inventory by bedroom type for April 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Burns Township in April 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 Burns Township, MI
How long does it take to sell a home in Burns Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 41 Days | +115.8% |
Summary: Homes in Burns Township had an average of 41 days on market in Apr 2024, up by 115.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Burns 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.