Is Comstock Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Comstock Charter Township has remained a Seller's Market.
Housing Prices in Comstock Charter Township, MI
How much do homes in Comstock Charter Township, MI cost?
Median Sold Price
$265,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Comstock Charter Township was $265,000 in May 2024, up 8.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $122.5K | N/A |
2 Bedrooms | $122K | $141K | +15.6% |
3 Bedrooms | $230K | $250K | +8.7% |
4 Bedrooms | $280K | $299.9K | +7.1% |
5+ Bedrooms | $369K | $366K | -0.8% |
Summary: Comstock Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
Comstock Charter Township | $244.6K | $265K | +8.3% |
Kalamazoo Charter Township | $207.7K | $224.7K | +8.2% |
Richland Township | $353.4K | $352.5K | -0.3% |
Galesburg | $280K | $271.5K | -3.0% |
Housing Supply in Comstock Charter Township, MI
How many homes are available in Comstock Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 44 | -6.4% |
Summary: The Comstock Charter Township real estate market had 44 homes for sale in May 2024, a 6.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 23 | 16 | -30.4% |
4 Bedrooms | 14 | 18 | +28.6% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Comstock Charter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 30.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Comstock Charter Township in May 2024, up by 15.4% month-over-month. Of the 15 sold homes, 67% were sold under asking, 7% were sold at asking, and 27% were sold over asking.
Days on Market for Comstock Charter Township, MI
How long does it take to sell a home in Comstock Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
80 Days | 47 Days | -41.6% |
Summary: Homes in Comstock Charter Township had an average of 47 days on market in May 2024, down by 41.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Comstock Charter Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.