Is Cottrellville Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Cottrellville Township was a Neutral Market.
Key Takeaway
Cottrellville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cottrellville Township, MI
How much do homes in Cottrellville Township, MI cost?
Median Sold Price
$217,500
$133/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Cottrellville Township have sold for 50.8% less than they did a month ago.
Summary: The median home sold price in Cottrellville Township was $217,500 in May 2024, down 50.8% from last month, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $85K | N/A |
| 3 Bedrooms | $235K | $200K | -14.9% |
| 4 Bedrooms | - | $414.9K | N/A |
| 5+ Bedrooms | $650K | - | N/A |
Summary: Cottrellville Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 14.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| China Township | $435K | $390K | -10.3% |
| Cottrellville Township | $442.5K | $217.5K | -50.8% |
Housing Supply in Cottrellville Township, MI
How many homes are available in Cottrellville Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Cottrellville Township real estate market had 14 homes for sale in May 2024, a 7.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Cottrellville Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 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 Cottrellville Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Cottrellville Township in May 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Cottrellville Township, MI
How long does it take to sell a home in Cottrellville Township, MI?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 110 Days | 55 Days | -49.4% |
Summary: Homes in Cottrellville Township had an average of 55 days on market in May 2024, down by 49.4% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cottrellville Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Cottrellville Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.