$2,077 Closing Credit*
$174,900
1,582 SqFt
3 Beds
•1 Full Bath, 1 Partial
Jaime Bohl, Listing Office: HOWARD HANNA REAL ESTATE SERVI
Is Concord Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Concord Township was a Seller's Market.
Key Takeaway
Concord Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Concord Township, MI
How much do homes in Concord Township, MI cost?
Median Sold Price
$222,500
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$17,500(-7.3%)
Key Takeaway
Homes in Concord Township have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Concord Township was $222,500 in December 2024, down 7.3% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155.5K | - | N/A |
| 2 Bedrooms | - | $165K | N/A |
| 3 Bedrooms | $240K | $232.5K | -3.1% |
| 4 Bedrooms | $262K | $215K | -17.9% |
| 5+ Bedrooms | $262.5K | $365.5K | +39.2% |
Summary: Concord Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes increased by 39.2%.
Median Sold Price Compared To Nearby Cities
| Spring Arbor Township | $239K | $250K | +4.6% |
| Concord | $235K | $230K | -2.1% |
| Concord Township | $240K | $222.5K | -7.3% |
| Parma Township | $217.5K | $195.7K | -10.0% |
Housing Supply in Concord Township, MI
How many homes are available in Concord Township, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The Concord Township real estate market had 13 homes for sale in December 2024, a 18.2% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Concord Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were 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 2 homes were sold or pending in Concord Township in December 2024, up by 100.0% month-over-month. Of the 2 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 77 Days | 27 Days | -64.9% |
Summary: Homes in Concord Township had an average of 27 days on market in Dec 2024, down by 64.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Concord Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in Concord Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
