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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dalton Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Dalton Township, MI

How much do homes in Dalton Township, MI cost?

Median Sold Price

$250,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,998(-6.0%)

Key Takeaway

Homes in Dalton Township have sold for 6% less than they did a year ago.

Summary: The median home sold price in Dalton Township was $250,000 in October 2024, down 6% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $283K$143.5K
-49.3%
2 $184.9K$205K
+10.8%
3 $240K$240K
0.0%
4 $296K$311.7K
+5.3%
5+ $336K$341K
+1.5%

Summary: Dalton Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Cities

Cedar Creek Township
+33.3%
Lakewood Club
+27.6%
Twin Lake
+3.3%
Dalton Township
-6.0%
Blue Lake Township
-8.0%

Housing Supply in Dalton Township, MI

How many homes are available in Dalton Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4146+12.2%

Summary: The Dalton Township real estate market had 46 homes for sale in October 2024, a 12.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 78
+14.3%
3 2930
+3.4%
4 25
+150.0%
5+ 22
0.0%

Summary: The Dalton Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1114+27.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dalton Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Dalton Township in October 2024, up by 27.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.

Days on Market for Dalton Township, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days34 Days+99.0%

Summary: Homes in Dalton Township had an average of 34 days on market in Oct 2024, up by 99% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 14 homes were sold in Dalton Township; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

Newest Listings in Dalton Township, MI

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What housing markets are near Dalton Township, MI?