$189,000
1.82 Acres
Land
Christine Norland, Listing Office: Jaqua Realtors
Is Coloma Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Coloma Charter Township was a Neutral Market.
Key Takeaway
Coloma Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coloma Charter Township, MI
How much do homes in Coloma Charter Township, MI cost?
Median Sold Price
$242,500
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,400(-3.0%)
Key Takeaway
Homes in Coloma Charter Township have sold for 3% less than they did a year ago.
Summary: The median home sold price in Coloma Charter Township was $242,500 in November 2024, down 3% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $211K | N/A |
| 2 Bedrooms | $178.5K | $245K | +37.3% |
| 3 Bedrooms | $249.9K | $219.2K | -12.3% |
| 4 Bedrooms | $310K | $308K | -0.6% |
| 5+ Bedrooms | $342K | $448K | +31.0% |
Summary: Coloma Charter 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 37.3%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 31%.
Median Sold Price Compared To Nearby Cities
| Watervliet Township | $230K | $267.5K | +16.3% |
| Coloma Charter Township | $249.9K | $242.5K | -3.0% |
| Coloma | $249.9K | $240K | -4.0% |
Housing Supply in Coloma Charter Township, MI
How many homes are available in Coloma Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 53 | -15.9% |
Summary: The Coloma Charter Township real estate market had 53 homes for sale in November 2024, a 15.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 23 | 18 | -21.7% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Coloma 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 decreased by 27.3%, 3 bedroom homes decreased by 21.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 9 | -43.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coloma Charter Township, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Coloma Charter Township in November 2024, down by 43.8% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.
Days on Market for Coloma Charter Township, MI
How long does it take to sell a home in Coloma Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 139 Days | 43 Days | -68.4% |
Summary: Homes in Coloma Charter Township had an average of 43 days on market in Nov 2024, down by 68.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Coloma Charter Township has remained consistent over time.
Summary: During November 2024, 9 homes were sold in Coloma Charter Township; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
