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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carlton Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Carlton Township, MI

How much do homes in Carlton Township, MI cost?

Median Sold Price

$318,500

$166/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$53,750(+20.3%)

Key Takeaway

Homes in Carlton Township have sold for 20.3% more than they did a month ago.

Summary: The median home sold price in Carlton Township was $318,500 in October 2024, up 20.3% from last month, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $257.5K-
N/A
3 -$252K
N/A
4 $272K$385K
+41.5%
5+ --
N/A

Summary: Carlton 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 did not change, 4 bedroom homes increased by 41.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Woodland Township
+34.6%
Carlton Township
+20.3%
Irving Township
-29.0%
Freeport
-50.3%

Housing Supply in Carlton Township, MI

How many homes are available in Carlton Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
75-28.6%

Summary: The Carlton Township real estate market had 5 homes for sale in October 2024, a 28.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 13
+200.0%
4 41
-75.0%
5+ 00
0.0%

Summary: The Carlton 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 50%, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carlton Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Carlton Township in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Carlton Township, MI

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

Average Sale Time

Sep 2024Oct 2024CHANGE
6 Days7 Days+3.7%

Summary: Homes in Carlton Township had an average of 7 days on market in Oct 2024, up by 3.7% compared to last month.

Breakdown of Home Sale Times

2 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 Carlton Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Carlton 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 16 Days Ago

Newest Listings in Carlton Township, MI

Nearby Markets to Carlton Township, MI