$1,100,000
152.50 Acres
Land
Monique Gilbert, Listing Office: Keller William Preferred
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
$260,000
$208/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$89,550(+52.5%)
Key Takeaway
Homes in Butman Township have sold for 52.5% more than they did a month ago.
Summary: The median home sold price in Butman Township was $260,000 in November 2024, up 52.5% from last month, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $123.9K | $70K | -43.5% |
| 3 Bedrooms | $168.5K | $295K | +75.1% |
| 4 Bedrooms | $527.6K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Butman Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 43.5%, 3 bedroom homes increased by 75.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Butman Township | $170.4K | $260K | +52.5% |
| Sherman Township | $175K | $130K | -25.7% |
| Secord Township | $260K | $172.9K | -33.5% |
| Clement Township | $195K | $52K | -73.3% |
Housing Supply in Butman Township, MI
How many homes are available in Butman Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 20 | -31.0% |
Summary: The Butman Township real estate market had 20 homes for sale in November 2024, a 31.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 16 | 12 | -25.0% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Butman Township housing inventory by bedroom type for November 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 decreased by 25%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 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 5 homes were sold or pending in Butman Township in November 2024, down by 50.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 Days | 46 Days | -28.8% |
Summary: Homes in Butman Township had an average of 46 days on market in Nov 2024, down by 28.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Butman Township has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Butman Township; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% 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. 
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