Is Constantine Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Constantine Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Constantine Township has remained a Seller's Market.

Key Takeaway

Constantine Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Constantine Township, MI

How much do homes in Constantine Township, MI cost?

Median Sold Price

$200,000

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+11.1%)

Key Takeaway

Homes in Constantine Township have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Constantine Township was $200,000 in November 2024, up 11.1% from last year, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $65K-
N/A
2 $110K$60K
-45.5%
3 $173K$175K
+1.2%
4 $235K$251.9K
+7.1%
5+ $185K$315K
+70.3%

Summary: Constantine 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 decreased by 45.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 70.3%.

Median Sold Price Compared To Nearby Cities

Constantine
+30.0%
Constantine Township
+11.1%
Mottville Township
-50.0%

Housing Supply in Constantine Township, MI

How many homes are available in Constantine Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1714-17.6%

Summary: The Constantine Township real estate market had 14 homes for sale in November 2024, a 17.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 44
0.0%
3 53
-40.0%
4 56
+20.0%
5+ 20
-100.0%

Summary: The Constantine 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 remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Constantine Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Constantine Township in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Constantine Township, MI

How long does it take to sell a home in Constantine Township, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days45 Days+44.0%

Summary: Homes in Constantine Township had an average of 45 days on market in Nov 2024, up by 44% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Constantine Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in Constantine Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Constantine Township, MI

Nearby Markets to Constantine Township, MI

What housing markets are near Constantine Township, MI?