$5,344 Closing Credit*
$450,000
2,526 SqFt
4 Beds
•2 Full Baths, 1 Partial
#50162649, MICHAEL GOLISEK, Listing Office: RE/MAX 1ST REALTY
Is Chocolay Charter 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, Chocolay Charter Township was a Buyer's Market.
Key Takeaway
Chocolay Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chocolay Charter Township, MI
How much do homes in Chocolay Charter Township, MI cost?
Median Sold Price
$627,500
$304/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$92,500(+17.3%)
Key Takeaway
Homes in Chocolay Charter Township have sold for 17.3% more than they did a month ago.
Summary: The median home sold price in Chocolay Charter Township was $627,500 in November 2024, up 17.3% from last month, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $535K | $545K | +1.9% |
| 3 Bedrooms | - | $546.9K | N/A |
| 4 Bedrooms | - | $467.5K | N/A |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: Chocolay Charter 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 increased by 1.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Chocolay Charter Township, MI
How many homes are available in Chocolay Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The Chocolay Charter Township real estate market had 17 homes for sale in November 2024, a 21.4% increase 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 | 4 | 7 | +75.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Chocolay Charter 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 increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chocolay Charter Township, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Chocolay Charter Township in November 2024, up by 600.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Chocolay Charter Township, MI
How long does it take to sell a home in Chocolay Charter Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 46 Days | -7.7% |
Summary: Homes in Chocolay Charter Township had an average of 46 days on market in Nov 2024, down by 7.7% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chocolay Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Chocolay Charter Township; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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.