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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Calumet Charter Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Calumet Charter Township, MI

How much do homes in Calumet Charter Township, MI cost?

Median Sold Price

$135,000

$75/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$42,000(+45.2%)

Key Takeaway

Homes in Calumet Charter Township have sold for 45.2% more than they did a month ago.

Summary: The median home sold price in Calumet Charter Township was $135,000 in November 2024, up 45.2% from last month, and the median price per square foot was $75.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $193.5K-
N/A
2 -$106.7K
N/A
3 $90K$182.5K
+102.8%
4 $26.1K$132.2K
+405.7%
5+ $250K$795K
+218.0%

Summary: Calumet Charter 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 did not change, 3 bedroom homes increased by 102.8%, 4 bedroom homes increased by 405.7%, and 5+ bedroom homes increased by 218%.

Median Sold Price Compared To Nearby Cities

Calumet Charter Township
+45.2%
Laurium
+40.0%
Calumet
-18.4%

Housing Supply in Calumet Charter Township, MI

How many homes are available in Calumet Charter Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4440-9.1%

Summary: The Calumet Charter Township real estate market had 40 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 31
-66.7%
2 45
+25.0%
3 1918
-5.3%
4 1010
0.0%
5+ 86
-25.0%

Summary: The Calumet Charter Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
11110.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Calumet Charter Township, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Calumet Charter Township in November 2024, the same as the previous month. Of the 11 sold homes, 55% were sold under asking, 45% were sold at asking, and 0% were sold over asking.

Days on Market for Calumet Charter Township, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
73 Days82 Days+11.1%

Summary: Homes in Calumet Charter Township had an average of 82 days on market in Nov 2024, up by 11.1% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Calumet Charter Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in Calumet Charter Township; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% 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 17 Days Ago

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Newest Listings in Calumet Charter Township, MI

Nearby Markets to Calumet Charter Township, MI

MLS Disclaimers and Copyright

Based on information from MiRealSource Inc. DL for the period 10/01/2024 - 12/01/2024

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 12:21:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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