$2,196 Closing Credit*
$184,900
1,862 SqFt
3 Beds
•1 Full Bath, 1 Partial
Travis Blaine Conti, Listing Office: RE/MAX Real Estate Professionals
Is Charlotte, 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, Charlotte has remained a Seller's Market.
Key Takeaway
Charlotte is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Charlotte, MI
How much do homes in Charlotte, MI cost?
Median Sold Price
$211,500
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,000(+11.6%)
Key Takeaway
Homes in Charlotte have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Charlotte was $211,500 in October 2024, up 11.6% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79.9K | $89K | +11.4% |
| 2 Bedrooms | $150.5K | $168.9K | +12.3% |
| 3 Bedrooms | $210K | $223.7K | +6.5% |
| 4 Bedrooms | $224K | $226K | +0.9% |
| 5+ Bedrooms | $244.9K | $324.6K | +32.5% |
Summary: Charlotte housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 32.5%.
Median Sold Price Compared To Nearby Cities
| Eaton Township | $235.8K | $307K | +30.1% |
| Charlotte | $189.5K | $211.5K | +11.6% |
Housing Supply in Charlotte, MI
How many homes are available in Charlotte, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 87 | -2.2% |
Summary: The Charlotte real estate market had 87 homes for sale in October 2024, a 2.2% 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 | 16 | 17 | +6.3% |
| 3 Bedrooms | 48 | 42 | -12.5% |
| 4 Bedrooms | 21 | 24 | +14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Charlotte 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 6.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 28 | +40.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charlotte, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Charlotte in October 2024, up by 40.0% month-over-month. Of the 28 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for Charlotte, MI
How long does it take to sell a home in Charlotte, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 31 Days | +33.6% |
Summary: Homes in Charlotte had an average of 31 days on market in Oct 2024, up by 33.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Charlotte are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in Charlotte; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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