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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Castleton Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Castleton Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Castleton Township, MI

How much do homes in Castleton Township, MI cost?

Median Sold Price

$176,000

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,000(+10.0%)

Key Takeaway

Homes in Castleton Township have sold for 10% more than they did a year ago.

Summary: The median home sold price in Castleton Township was $176,000 in November 2024, up 10% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $162.5K$125.5K
-22.8%
2 $137.4K$115K
-16.3%
3 $180K$217K
+20.6%
4 $307.5K$210K
-31.7%
5+ $150K$192.5K
+28.3%

Summary: Castleton Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.8%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes increased by 20.6%, 4 bedroom homes decreased by 31.7%, and 5+ bedroom homes increased by 28.3%.

Median Sold Price Compared To Nearby Cities

Nashville
+18.1%
Hastings Charter Township
+14.7%
Castleton Township
+10.0%
Vermontville Township
+5.4%

Housing Supply in Castleton Township, MI

How many homes are available in Castleton Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
139-30.8%

Summary: The Castleton Township real estate market had 9 homes for sale in November 2024, a 30.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 31
-66.7%
4 42
-50.0%
5+ 21
-50.0%

Summary: The Castleton 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 25%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Castleton Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Castleton Township in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Castleton Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days41 Days+107.6%

Summary: Homes in Castleton Township had an average of 41 days on market in Nov 2024, up by 107.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Castleton Township has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Castleton Township; 0% of homes were sold within 30 days, 100% 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 Castleton Township, MI

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