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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chase Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Chase Township was a Neutral Market.

Key Takeaway

Chase Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chase Township, MI

How much do homes in Chase Township, MI cost?

Median Sold Price

$149,000

$163/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$21,500(+16.9%)

Key Takeaway

Homes in Chase Township have sold for 16.9% more than they did a month ago.

Summary: The median home sold price in Chase Township was $149,000 in November 2024, up 16.9% from last month, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$124.4K
N/A
3 $127.5K$550K
+331.4%
4 --
N/A
5+ --
N/A

Summary: Chase Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 331.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Chase Township
+16.9%
Chase
-7.8%
Pinora Township
-17.2%
Yates Township
-72.8%

Housing Supply in Chase Township, MI

How many homes are available in Chase Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
14140.0%

Summary: The Chase Township real estate market had 14 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 67
+16.7%
3 65
-16.7%
4 11
0.0%
5+ 00
0.0%

Summary: The Chase 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 increased by 16.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chase Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Chase Township in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Chase Township, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
115 Days32 Days-71.9%

Summary: Homes in Chase Township had an average of 32 days on market in Nov 2024, down by 71.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chase Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Chase Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Chase Township, MI

Nearby Markets to Chase Township, MI