$3,739 Closing Credit*
$314,900
2,197 SqFt
3 Beds
•2 Full Baths
EDWARD J KERLEY, Listing Office: EXIT REALTY 1ST LLC
Is Concord 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, Concord Township was a Seller's Market.
Key Takeaway
Concord Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Concord Township, MI
How much do homes in Concord Township, MI cost?
Median Sold Price
$230,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-2.1%)
Key Takeaway
Homes in Concord Township have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Concord Township was $230,000 in November 2024, down 2.1% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129K | $182K | +41.1% |
| 2 Bedrooms | $136.5K | $165K | +20.9% |
| 3 Bedrooms | $240K | $235K | -2.1% |
| 4 Bedrooms | $249K | $290K | +16.5% |
| 5+ Bedrooms | $262.5K | $365.5K | +39.2% |
Summary: Concord Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.1%, 2 bedroom homes increased by 20.9%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 39.2%.
Median Sold Price Compared To Nearby Cities
| Spring Arbor | $264.9K | $279.5K | +5.5% |
| Spring Arbor Township | $241K | $250K | +3.7% |
| Concord Township | $235K | $230K | -2.1% |
| Parma Township | $215K | $202.9K | -5.6% |
Housing Supply in Concord Township, MI
How many homes are available in Concord Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Concord Township real estate market had 12 homes for sale in November 2024, a 14.3% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Concord 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 increased by 100%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
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 Concord 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 Concord Township in November 2024, down by 80.0% 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 Concord Township, MI
How long does it take to sell a home in Concord Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 146 Days | +100.0% |
Summary: Homes in Concord Township had an average of 146 days on market in Nov 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Concord Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Concord Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
