$2,908 Closing Credit*
$244,900
1,840 SqFt
3 Beds
•3 Full Baths
Carin H. Whybrew, Listing Office: Coldwell Banker Professional-Okemos
Is Delhi Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Delhi Charter Township has remained a Seller's Market.
Key Takeaway
Delhi Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Delhi Charter Township, MI
How much do homes in Delhi Charter Township, MI cost?
Median Sold Price
$275,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,100(+3.8%)
Key Takeaway
Homes in Delhi Charter Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Delhi Charter Township was $275,000 in October 2024, up 3.8% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $51K | - | N/A |
| 2 Bedrooms | $158.7K | $169K | +6.5% |
| 3 Bedrooms | $260K | $267.9K | +3.0% |
| 4 Bedrooms | $313.9K | $325.9K | +3.8% |
| 5+ Bedrooms | $356K | $390K | +9.6% |
Summary: Delhi Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Cities
| Alaiedon Township | $267K | $297K | +11.2% |
| Lansing Charter Township | $140.8K | $150K | +6.5% |
| Lansing | $143.1K | $150.5K | +5.2% |
| Delhi Charter Township | $264.9K | $275K | +3.8% |
| Holt | $260K | $267.9K | +3.0% |
Housing Supply in Delhi Charter Township, MI
How many homes are available in Delhi Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 70 | -7.9% |
Summary: The Delhi Charter Township real estate market had 70 homes for sale in October 2024, a 7.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 35 | 34 | -2.9% |
| 4 Bedrooms | 26 | 24 | -7.7% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Delhi Charter 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 decreased by 25%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 13 | -55.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delhi Charter Township, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Delhi Charter Township in October 2024, down by 55.2% month-over-month. Of the 13 sold homes, 23% were sold under asking, 15% were sold at asking, and 62% were sold over asking.
Days on Market for Delhi Charter Township, MI
How long does it take to sell a home in Delhi Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 10 Days | -40.0% |
Summary: Homes in Delhi Charter Township had an average of 10 days on market in Oct 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Delhi Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Delhi Charter Township; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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