$165,000
4.75 Acres
Land
Johnny Crane, Listing Office: Berkshire Hathaway Homeservices Michigan - TC
Is Custer Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Custer Township has remained a Seller's Market.
Key Takeaway
Custer Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Custer Township, MI
How much do homes in Custer Township, MI cost?
Median Sold Price
$277,750
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,250(-2.5%)
Key Takeaway
Homes in Custer Township have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Custer Township was $277,750 in November 2024, down 2.5% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $45K | N/A |
| 2 Bedrooms | $182.5K | $192.5K | +5.5% |
| 3 Bedrooms | $300K | $344.9K | +15.0% |
| 4 Bedrooms | $390K | $403K | +3.3% |
| 5+ Bedrooms | $662K | $965K | +45.8% |
Summary: Custer 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 increased by 5.5%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 45.8%.
Median Sold Price Compared To Nearby Cities
| Forest Home Township | $320K | $375K | +17.2% |
| Kearney Township | $247.5K | $265K | +7.1% |
| Custer Township | $285K | $277.7K | -2.5% |
Housing Supply in Custer Township, MI
How many homes are available in Custer Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Summary: The Custer Township real estate market had 21 homes for sale in November 2024, a 8.7% 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Custer 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 decreased by 40%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Custer Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Custer Township in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Custer Township, MI
How long does it take to sell a home in Custer Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 67 Days | +79.6% |
Summary: Homes in Custer Township had an average of 67 days on market in Nov 2024, up by 79.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Custer Township has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Custer Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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