Is Chase, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chase is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Chase was a Seller's Market.

Key Takeaway

Chase is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Chase, MI

How much do homes in Chase, MI cost?

Median Sold Price

$199,900

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$11,850(-5.6%)

Key Takeaway

Homes in Chase have sold for 5.6% less than they did a year ago.

Summary: The median home sold price in Chase was $199,900 in October 2024, down 5.6% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $56K-
N/A
2 $234.5K$145K
-38.2%
3 $213.5K$190K
-11.0%
4 $245K$207.5K
-15.3%
5+ $147.5K$199.9K
+35.5%

Summary: Chase housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.2%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes increased by 35.5%.

Median Sold Price Compared To Nearby Cities

Chase
-5.6%
Chase Township
-6.5%

Housing Supply in Chase, MI

How many homes are available in Chase, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1112+9.1%

Summary: The Chase real estate market had 12 homes for sale in October 2024, a 9.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 33
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Chase 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chase, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Chase in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Chase, MI

How long does it take to sell a home in Chase, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days164 Days+498.2%

Summary: Homes in Chase had an average of 164 days on market in Oct 2024, up by 498.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Chase are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 2 homes were sold in Chase; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Chase, MI

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