$2,316 Closing Credit*
$195,000
960 SqFt
2 Beds
•1 Full Bath
Jordan P Nemmers, Listing Office: Cascade Properties Rlty LLC
Is Cannon Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Cannon Township has remained a Seller's Market.
Key Takeaway
Cannon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cannon Township, MI
How much do homes in Cannon Township, MI cost?
Median Sold Price
$487,500
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,500(+10.8%)
Key Takeaway
Homes in Cannon Township have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Cannon Township was $487,500 in November 2024, up 10.8% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $360K | N/A |
| 2 Bedrooms | $237.5K | $286.2K | +20.5% |
| 3 Bedrooms | $386K | $394.9K | +2.3% |
| 4 Bedrooms | $552.5K | $572.5K | +3.6% |
| 5+ Bedrooms | $688K | $670K | -2.6% |
Summary: Cannon Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Belmont | $415K | $480.9K | +15.9% |
| Ada Township | $570K | $650K | +14.0% |
| Cannon Township | $440K | $487.5K | +10.8% |
| Courtland Township | $449.3K | $495K | +10.2% |
| Rockford | $425K | $435.5K | +2.5% |
Housing Supply in Cannon Township, MI
How many homes are available in Cannon Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 35 | -31.4% |
Summary: The Cannon Township real estate market had 35 homes for sale in November 2024, a 31.4% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 22 | 14 | -36.4% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 9 | 4 | -55.6% |
Summary: The Cannon 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 remained the same, 3 bedroom homes decreased by 36.4%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 55.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cannon Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Cannon Township in November 2024, down by 35.7% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Cannon Township, MI
How long does it take to sell a home in Cannon Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 54 Days | +107.4% |
Summary: Homes in Cannon Township had an average of 54 days on market in Nov 2024, up by 107.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cannon Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Cannon Township; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
