Is Egelston Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Egelston Township has remained a Seller's Market.
Housing Prices in Egelston Township, MI
How much do homes in Egelston Township, MI cost?
Median Sold Price
$207,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Egelston Township was $207,000 in May 2024, up 7% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $149.9K | $164K | +9.4% |
3 Bedrooms | $199.9K | $187.9K | -6.0% |
4 Bedrooms | $247.5K | $255.5K | +3.2% |
5+ Bedrooms | $375K | $363.2K | -3.1% |
Summary: Egelston Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Cities
Egelston Township | $193.5K | $207K | +7.0% |
Sullivan Township | $255K | $257.5K | +1.0% |
Twin Lake | $270.5K | $270K | -0.2% |
Cedar Creek Township | $225K | $223K | -0.9% |
Housing Supply in Egelston Township, MI
How many homes are available in Egelston Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 27 | -10.0% |
Summary: The Egelston Township real estate market had 27 homes for sale in May 2024, a 10.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 19 | 13 | -31.6% |
4 Bedrooms | 4 | 8 | +100.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Egelston Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 31.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 8 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Egelston Township in May 2024, down by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 34 Days | -24.1% |
Summary: Homes in Egelston Township had an average of 34 days on market in May 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Egelston Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.