$295,000
3.16 Acres
Land
Mercedes Davidson, Listing Office: CENTURY 21 Northland
Is Cedar Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cedar Township has remained a Seller's Market.
Key Takeaway
Cedar Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Township, MI
How much do homes in Cedar Township, MI cost?
Median Sold Price
$393,200
$274/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$155,800(-28.4%)
Key Takeaway
Homes in Cedar Township have sold for 28.4% less than they did a month ago.
Summary: The median home sold price in Cedar Township was $393,200 in October 2024, down 28.4% from last month, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299.9K | $358.7K | +19.6% |
| 3 Bedrooms | $549K | $401.5K | -26.9% |
| 4 Bedrooms | $570K | $1.2M | +128.1% |
| 5+ Bedrooms | - | $560K | N/A |
Summary: Cedar 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 increased by 19.6%, 3 bedroom homes decreased by 26.9%, 4 bedroom homes increased by 128.1%, and 5+ bedroom homes did not change.
Housing Supply in Cedar Township, MI
How many homes are available in Cedar Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 30 | -3.2% |
Summary: The Cedar Township real estate market had 30 homes for sale in October 2024, a 3.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cedar 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Township, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Cedar Township in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Cedar Township, MI
How long does it take to sell a home in Cedar Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 86 Days | 115 Days | +33.1% |
Summary: Homes in Cedar Township had an average of 115 days on market in Oct 2024, up by 33.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cedar Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 8 homes were sold in Cedar Township; 13% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.