$4,800
0.43 Acres
Land
Kurt Snyder, Listing Office: Crossroads Realty of Michigan
Is Cedar Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Cedar Township was a Buyer'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
$447,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,000(-0.7%)
Key Takeaway
Homes in Cedar Township have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Cedar Township was $447,000 in November 2024, down 0.7% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.4K | - | N/A |
| 2 Bedrooms | $325K | $368K | +13.2% |
| 3 Bedrooms | $402.5K | $439.5K | +9.2% |
| 4 Bedrooms | $505K | $557.5K | +10.4% |
| 5+ Bedrooms | $1.3M | $560K | -56.9% |
Summary: Cedar 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 13.2%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 56.9%.
Median Sold Price Compared To Nearby Cities
| Rose Lake Township | $150K | $215K | +43.3% |
| Hersey Township | $171K | $195K | +14.0% |
| Cedar Township | $450K | $447K | -0.7% |
| Leroy | $178K | $170K | -4.5% |
Housing Supply in Cedar Township, MI
How many homes are available in Cedar Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 21 | -25.0% |
Summary: The Cedar Township real estate market had 21 homes for sale in November 2024, a 25.0% 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 | 10 | 7 | -30.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Cedar 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 30%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Township, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Cedar Township in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 101 Days | 60 Days | -40.4% |
Summary: Homes in Cedar Township had an average of 60 days on market in Nov 2024, down by 40.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cedar Township has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Cedar Township; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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.