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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Casnovia Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Casnovia Township was a Seller's Market.

Key Takeaway

Casnovia Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Casnovia Township, MI

How much do homes in Casnovia Township, MI cost?

Median Sold Price

$215,000

$170/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$154,250(-41.8%)

Key Takeaway

Homes in Casnovia Township have sold for 41.8% less than they did a month ago.

Summary: The median home sold price in Casnovia Township was $215,000 in November 2024, down 41.8% from last month, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $283.5K$215K
-24.2%
4 $455K-
N/A
5+ --
N/A

Summary: Casnovia 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 decreased by 24.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Casnovia Township, MI

How many homes are available in Casnovia Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10100.0%

Summary: The Casnovia Township real estate market had 10 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 53
-40.0%
4 11
0.0%
5+ 33
0.0%

Summary: The Casnovia 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 increased by 200%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Casnovia Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Casnovia Township in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Casnovia Township, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
31 Days6 Days-81.0%

Summary: Homes in Casnovia Township had an average of 6 days on market in Nov 2024, down by 81% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Casnovia Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Casnovia 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 17 Days Ago

Newest Listings in Casnovia Township, MI

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