$5,344 Closing Credit*
$450,000
2,954 SqFt
4 Beds
•2 Full Baths, 1 Partial
#50160123, Nicholas Aiello, Listing Office: RE/MAX First
Is China Township, 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, China Township has remained a Seller's Market.
Key Takeaway
China Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in China Township, MI
How much do homes in China Township, MI cost?
Median Sold Price
$410,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+10.8%)
Key Takeaway
Homes in China Township have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in China Township was $410,000 in October 2024, up 10.8% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $332.5K | N/A |
| 3 Bedrooms | $295K | $402.5K | +36.4% |
| 4 Bedrooms | $468.6K | $516K | +10.1% |
| 5+ Bedrooms | $370K | - | N/A |
Summary: China Township 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 did not change, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| East China | $335K | $377.5K | +12.7% |
| China Township | $370K | $410K | +10.8% |
| Saint Clair | $249.9K | $237K | -5.2% |
| Saint Clair Township | $374.9K | $329K | -12.3% |
Housing Supply in China Township, MI
How many homes are available in China Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The China Township real estate market had 17 homes for sale in October 2024, a 6.3% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The China Township 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in China Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in China Township in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for China Township, MI
How long does it take to sell a home in China Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 46 Days | -35.4% |
Summary: Homes in China Township had an average of 46 days on market in Oct 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
2 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 China Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in China Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.