$4,738 Closing Credit*
$399,000
1,446 SqFt
3 Beds
•2 Full Baths
Ginger Herman, Listing Office: Five Star Real Estate (Jenison)
Is Egelston 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, Egelston Township has remained a Seller's Market.
Key Takeaway
Egelston Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Egelston Township, MI
How much do homes in Egelston Township, MI cost?
Median Sold Price
$219,450
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,700(+20.7%)
Key Takeaway
Homes in Egelston Township have sold for 20.7% more than they did a year ago.
Summary: The median home sold price in Egelston Township was $219,450 in October 2024, up 20.7% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | $169.9K | +21.4% |
| 3 Bedrooms | $167.9K | $208K | +23.9% |
| 4 Bedrooms | $297.5K | $277K | -6.9% |
| 5+ Bedrooms | $455K | $379.9K | -16.5% |
Summary: Egelston 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 21.4%, 3 bedroom homes increased by 23.9%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Cedar Creek Township | $202.5K | $270K | +33.3% |
| Egelston Township | $181.7K | $219.4K | +20.7% |
| Twin Lake | $271K | $279.9K | +3.3% |
Housing Supply in Egelston Township, MI
How many homes are available in Egelston Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 43 | +13.2% |
Summary: The Egelston Township real estate market had 43 homes for sale in October 2024, a 13.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 17 | 23 | +35.3% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Egelston 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 35.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Egelston Township, expect to pay close to the asking price. 63.6% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Egelston Township in October 2024, up by 22.2% month-over-month. Of the 11 sold homes, 27% were sold under asking, 64% were sold at asking, and 9% were sold over asking.
Days on Market for Egelston Township, MI
How long does it take to sell a home in Egelston Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 26 Days | -51.2% |
Summary: Homes in Egelston Township had an average of 26 days on market in Oct 2024, down by 51.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Egelston Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Egelston Township; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
