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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Custer Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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

$535,000

$204/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$240,500(+81.7%)

Key Takeaway

Homes in Custer Township have sold for 81.7% more than they did a month ago.

Summary: The median home sold price in Custer Township was $535,000 in November 2024, up 81.7% from last month, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $183K-
N/A
3 -$535K
N/A
4 $406K-
N/A
5+ --
N/A

Summary: Custer Township housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Custer Township
+81.7%
Bridgehampton Township
-18.6%

Housing Supply in Custer Township, MI

How many homes are available in Custer Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
76-14.3%

Summary: The Custer Township real estate market had 6 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 45
+25.0%
4 21
-50.0%
5+ 00
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 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Custer Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Custer Township in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% 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

Oct 2024Nov 2024CHANGE
63 Days74 Days+16.5%

Summary: Homes in Custer Township had an average of 74 days on market in Nov 2024, up by 16.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Custer Township has remained consistent over time.

Summary: During November 2024, 2 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 50% 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 21 Days Ago

Newest Listings in Custer Township, MI

Nearby Markets to Custer Township, MI