$1,899 Closing Credit*
$159,900
1,110 SqFt
2 Beds
•1 Full Bath, 1 Partial
Marcia A Myers, Listing Office: Your Team Realty
Is Cato 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, Cato Township has remained a Seller's Market.
Key Takeaway
Cato Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cato Township, MI
How much do homes in Cato Township, MI cost?
Median Sold Price
$200,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-2.4%)
Key Takeaway
Homes in Cato Township have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Cato Township was $200,000 in November 2024, down 2.4% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $132.5K | $155K | +17.0% |
| 3 Bedrooms | $185K | $217K | +17.3% |
| 4 Bedrooms | $215K | $256K | +19.1% |
| 5+ Bedrooms | $385K | $185K | -51.9% |
Summary: Cato 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 17%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes decreased by 51.9%.
Median Sold Price Compared To Nearby Cities
| Lakeview | $205K | $211.5K | +3.2% |
| Cato Township | $205K | $200K | -2.4% |
| Belvidere Township | $202K | $189.9K | -6.0% |
| Six Lakes | $210K | $189.9K | -9.6% |
Housing Supply in Cato Township, MI
How many homes are available in Cato Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Summary: The Cato Township real estate market had 9 homes for sale in November 2024, a 40.0% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 8 | 4 | -50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cato 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 decreased by 33.3%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cato 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 Cato Township in November 2024, down by 60.0% 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 Cato Township, MI
How long does it take to sell a home in Cato Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 95 Days | 11 Days | -87.9% |
Summary: Homes in Cato Township had an average of 11 days on market in Nov 2024, down by 87.9% compared to last year.
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
Key Takeaway
Many homes in Cato Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Cato 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.
