$1,186 Closing Credit*
$99,900
1,316 SqFt
3 Beds
•2 Full Baths
Tricia Boerma, Listing Office: BOERMA REALTY, LLC
Is Chippewa Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Chippewa Township has remained a Seller's Market.
Key Takeaway
Chippewa Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chippewa Township, MI
How much do homes in Chippewa Township, MI cost?
Median Sold Price
$199,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,000(+13.1%)
Key Takeaway
Homes in Chippewa Township have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Chippewa Township was $199,000 in November 2024, up 13.1% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $139.9K | N/A |
| 2 Bedrooms | $144.9K | $130K | -10.3% |
| 3 Bedrooms | $145K | $205.5K | +41.7% |
| 4 Bedrooms | $246K | $200K | -18.7% |
| 5+ Bedrooms | $305K | $240K | -21.3% |
Summary: Chippewa Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 41.7%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes decreased by 21.3%.
Housing Supply in Chippewa Township, MI
How many homes are available in Chippewa Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The Chippewa Township real estate market had 10 homes for sale in November 2024, a 23.1% 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 | 3 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chippewa 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chippewa Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Chippewa Township in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Chippewa Township, MI
How long does it take to sell a home in Chippewa Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 65 Days | +27.8% |
Summary: Homes in Chippewa Township had an average of 65 days on market in Nov 2024, up by 27.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chippewa Township has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Chippewa Township; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.