$6,000
0.32 Acres
Land
#50160282, IVIE BAKER, Listing Office: Baker-Kehoe Realty LLC
Is Butman Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Butman Township has remained a Seller's Market.
Key Takeaway
Butman Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Butman Township, MI
How much do homes in Butman Township, MI cost?
Median Sold Price
$170,450
$153/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$287,550(-62.8%)
Key Takeaway
Homes in Butman Township have sold for 62.8% less than they did a month ago.
Summary: The median home sold price in Butman Township was $170,450 in October 2024, down 62.8% from last month, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $123.9K | N/A |
| 3 Bedrooms | $270K | $168.5K | -37.6% |
| 4 Bedrooms | $504K | $527.6K | +4.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Butman 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 decreased by 37.6%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Secord Township | $173K | $234K | +35.3% |
| Clement Township | $269K | $195K | -27.5% |
| Butman Township | $458K | $170.4K | -62.8% |
Housing Supply in Butman Township, MI
How many homes are available in Butman Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -6.5% |
Summary: The Butman Township real estate market had 29 homes for sale in October 2024, a 6.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Butman 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 increased by 20%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Butman Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Butman Township in October 2024, up by 25.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Butman Township, MI
How long does it take to sell a home in Butman Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 63 Days | +151.7% |
Summary: Homes in Butman Township had an average of 63 days on market in Oct 2024, up by 151.7% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Butman Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Butman Township; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.