$19,900
1.77 Acres
Land
Howard D Ebenhoeh, Listing Office: REMAX Tri County
Is Chesaning, 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, Chesaning was a Neutral Market.
Key Takeaway
Chesaning is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chesaning, MI
How much do homes in Chesaning, MI cost?
Median Sold Price
$170,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,500(-1.4%)
Key Takeaway
Homes in Chesaning have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Chesaning was $170,000 in November 2024, down 1.4% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101.9K | $340K | +233.7% |
| 2 Bedrooms | $100K | $140K | +40.0% |
| 3 Bedrooms | $172.5K | $170K | -1.4% |
| 4 Bedrooms | $208.5K | $164K | -21.3% |
| 5+ Bedrooms | $335K | $255K | -23.9% |
Summary: Chesaning housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 233.7%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 21.3%, and 5+ bedroom homes decreased by 23.9%.
Median Sold Price Compared To Nearby Cities
| Chesaning | $172.5K | $170K | -1.4% |
| Chesaning Township | $175K | $170K | -2.9% |
Housing Supply in Chesaning, MI
How many homes are available in Chesaning, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The Chesaning real estate market had 22 homes for sale in November 2024, a 4.3% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Chesaning 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 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chesaning, 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 Chesaning in November 2024, down by 60.0% 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 Chesaning, MI
How long does it take to sell a home in Chesaning, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 130 Days | +1142.9% |
Summary: Homes in Chesaning had an average of 130 days on market in Nov 2024, up by 1142.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chesaning has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Chesaning; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.