Is China Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, China Township was a Buyer's Market.
Housing Prices in China Township, MI
How much do homes in China Township, MI cost?
Median Sold Price
$390,000
$179/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in China Township was $390,000 in May 2024, down 10.3% from last month, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $435K | $272.5K | -37.4% |
4 Bedrooms | - | $390K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: China Township housing prices by bedroom type for May 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 decreased by 37.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in China Township, MI
How many homes are available in China Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 21 | +40.0% |
Summary: The China Township real estate market had 21 homes for sale in May 2024, a 40.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 8 | 11 | +37.5% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The China Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 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
Summary: A total of 5 homes were sold or pending in China Township in May 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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 Days | 36 Days | +81.0% |
Summary: Homes in China Township had an average of 36 days on market in May 2024, up by 81% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in China Township; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.