$2,666 Closing Credit*
$224,500
1,440 SqFt
3 Beds
•2 Full Baths
Benny K Hart, Richard L Mattea, Listing Office: Spaul-Ding Associates
Is Charlotte, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$212,250
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,250(+8.8%)
Key Takeaway
Homes in Charlotte have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Charlotte was $212,250 in November 2024, up 8.8% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79.9K | $89K | +11.4% |
| 2 Bedrooms | $150K | $170.5K | +13.7% |
| 3 Bedrooms | $210K | $223K | +6.2% |
| 4 Bedrooms | $239.9K | $223.2K | -6.9% |
| 5+ Bedrooms | $244.9K | $325K | +32.7% |
Summary: Charlotte housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 32.7%.
Median Sold Price Compared To Nearby Cities
| Eaton Township | $244.5K | $313.5K | +28.2% |
| Charlotte | $195K | $212.2K | +8.8% |
Housing Supply in Charlotte, MI
How many homes are available in Charlotte, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 88 | 75 | -14.8% |
Summary: The Charlotte real estate market had 75 homes for sale in November 2024, a 14.8% 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 | 17 | 11 | -35.3% |
| 3 Bedrooms | 41 | 36 | -12.2% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Charlotte 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 35.3%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 14 | -54.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charlotte, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Charlotte in November 2024, down by 54.8% month-over-month. Of the 14 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 38 Days | +167.4% |
Summary: Homes in Charlotte had an average of 38 days on market in Nov 2024, up by 167.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Charlotte are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Charlotte; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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