$10,000 Closing Credit*
$1,700,000
2,036 SqFt
3 Beds
•2 Full Baths, 1 Partial
Thomas R Alflen, Kyle Jean, Listing Office: EXIT Realty Paramount
Is Centerville 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, Centerville Township was a Neutral Market.
Key Takeaway
Centerville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Centerville Township, MI
How much do homes in Centerville Township, MI cost?
Median Sold Price
$430,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$377,000(-46.7%)
Key Takeaway
Homes in Centerville Township have sold for 46.7% less than they did a year ago.
Summary: The median home sold price in Centerville Township was $430,000 in November 2024, down 46.7% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $916K | $422.3K | -53.9% |
| 3 Bedrooms | $695K | $425K | -38.8% |
| 4 Bedrooms | $1.2M | $800K | -34.8% |
| 5+ Bedrooms | $835K | - | N/A |
Summary: Centerville 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 decreased by 53.9%, 3 bedroom homes decreased by 38.8%, 4 bedroom homes decreased by 34.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Suttons Bay Township | $644K | $785K | +21.9% |
| Lake Leelanau | $1.1M | $1.0M | -8.2% |
| Cedar | $491.8K | $449K | -8.7% |
| Centerville Township | $807K | $430K | -46.7% |
Housing Supply in Centerville Township, MI
How many homes are available in Centerville Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Summary: The Centerville 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
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Centerville 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 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centerville Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Centerville Township in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Centerville Township, MI
How long does it take to sell a home in Centerville Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 39 Days | -31.6% |
Summary: Homes in Centerville Township had an average of 39 days on market in Nov 2024, down by 31.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Centerville Township has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Centerville Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
