$295,000
3.16 Acres
Land
Mercedes Davidson, Listing Office: CENTURY 21 Northland
Is Cleveland 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, Cleveland Township has remained a Seller's Market.
Key Takeaway
Cleveland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cleveland Township, MI
How much do homes in Cleveland Township, MI cost?
Median Sold Price
$410,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$140,000(-25.5%)
Key Takeaway
Homes in Cleveland Township have sold for 25.5% less than they did a year ago.
Summary: The median home sold price in Cleveland Township was $410,000 in November 2024, down 25.5% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $755K | - | N/A |
| 2 Bedrooms | $358.5K | $405K | +13.0% |
| 3 Bedrooms | $595K | $409K | -31.3% |
| 4 Bedrooms | $656.6K | $415K | -36.8% |
| 5+ Bedrooms | $1.7M | - | N/A |
Summary: Cleveland 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 increased by 13%, 3 bedroom homes decreased by 31.3%, 4 bedroom homes decreased by 36.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Glen Arbor Township | $845K | $1.2M | +42.8% |
| Cedar | $491.8K | $449K | -8.7% |
| Cleveland Township | $550K | $410K | -25.5% |
| Maple City | $572.5K | $405K | -29.3% |
| Centerville Township | $807K | $430K | -46.7% |
Housing Supply in Cleveland Township, MI
How many homes are available in Cleveland Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Cleveland Township real estate market had 5 homes for sale in November 2024, a 16.7% 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 | 2 | -33.3% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cleveland 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cleveland Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Cleveland Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Cleveland Township, MI
How long does it take to sell a home in Cleveland Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 92 Days | +89.0% |
Summary: Homes in Cleveland Township had an average of 92 days on market in Nov 2024, up by 89% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cleveland Township has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Cleveland Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
