$9,000
0.34 Acres
Land
#50160357, CHELSEY DAAVETTILA, Listing Office: COLDWELL BANKER SCHMIDT REALTORS
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 Seller's Market.
Key Takeaway
Chocolay Charter Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chocolay Charter Township, MI
How much do homes in Chocolay Charter Township, MI cost?
Median Sold Price
$535,000
$368/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$349,000(+187.6%)
Key Takeaway
Homes in Chocolay Charter Township have sold for 187.6% more than they did a month ago.
Summary: The median home sold price in Chocolay Charter Township was $535,000 in October 2024, up 187.6% from last month, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $237K | $535K | +125.7% |
| 3 Bedrooms | $186K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Chocolay Charter Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 125.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Chocolay Charter Township | $186K | $535K | +187.6% |
| Skandia | $255.6K | $317.5K | +24.2% |
Housing Supply in Chocolay Charter Township, MI
How many homes are available in Chocolay Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 14 | -36.4% |
Summary: The Chocolay Charter Township real estate market had 14 homes for sale in October 2024, a 36.4% decrease 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 | 6 | 3 | -50.0% |
| 3 Bedrooms | 10 | 5 | -50.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Chocolay Charter 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 decreased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chocolay Charter Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Chocolay Charter Township in October 2024, down by 85.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 50 Days | +18.6% |
Summary: Homes in Chocolay Charter Township had an average of 50 days on market in Oct 2024, up by 18.6% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chocolay Charter Township has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Chocolay Charter Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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.