$3,918 Closing Credit*
$329,900
1,440 SqFt
3 Beds
•2 Full Baths
Richard Adgate, Listing Office: Eagle 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 October 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
$202,500
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+3.8%)
Key Takeaway
Homes in Cato Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Cato Township was $202,500 in October 2024, up 3.8% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $128.7K | $155K | +20.4% |
| 3 Bedrooms | $160K | $219K | +36.9% |
| 4 Bedrooms | $302K | $220.5K | -27.0% |
| 5+ Bedrooms | - | $285K | N/A |
Summary: Cato Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 36.9%, 4 bedroom homes decreased by 27%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lakeview | $202K | $211K | +4.5% |
| Cato Township | $195K | $202.5K | +3.8% |
Housing Supply in Cato Township, MI
How many homes are available in Cato Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The Cato Township real estate market had 13 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cato 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 increased by 25%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cato Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cato Township in October 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 78 Days | +65.0% |
Summary: Homes in Cato Township had an average of 78 days on market in Oct 2024, up by 65% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cato Township has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Cato Township; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
