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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burtchville Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Burtchville Township, MI

How much do homes in Burtchville Township, MI cost?

Median Sold Price

$175,000

$98/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$39,500(+29.2%)

Key Takeaway

Homes in Burtchville Township have sold for 29.2% more than they did a month ago.

Summary: The median home sold price in Burtchville Township was $175,000 in October 2024, up 29.2% from last month, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $163K$200K
+22.7%
3 $113K$125K
+10.6%
4 --
N/A
5+ -$175K
N/A

Summary: Burtchville 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 increased by 22.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Burtchville Township
+29.2%
Worth Township
+7.0%
Jeddo
-28.6%

Housing Supply in Burtchville Township, MI

How many homes are available in Burtchville Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1012+20.0%

Summary: The Burtchville Township real estate market had 12 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 46
+50.0%
4 23
+50.0%
5+ 11
0.0%

Summary: The Burtchville 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 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burtchville 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 Burtchville Township in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Burtchville Township, MI

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

Average Sale Time

Sep 2024Oct 2024CHANGE
30 Days12 Days-57.8%

Summary: Homes in Burtchville Township had an average of 12 days on market in Oct 2024, down by 57.8% compared to last month.

Breakdown of Home Sale Times

3 Homes Were 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 Burtchville Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Burtchville 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 Burtchville Township, MI

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