$149,900
13.70 Acres
Land
Bradley LaBrie, Blake A Burton, Listing Office: Keller Williams First
Is Elba Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Elba Township was a Seller's Market.
Key Takeaway
Elba Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elba Township, MI
How much do homes in Elba Township, MI cost?
Median Sold Price
$325,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$75,000(+30.0%)
Key Takeaway
Homes in Elba Township have sold for 30% more than they did a year ago.
Summary: The median home sold price in Elba Township was $325,000 in November 2024, up 30% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $125K | -17.2% |
| 2 Bedrooms | $172K | $160K | -7.0% |
| 3 Bedrooms | $253.5K | $275K | +8.5% |
| 4 Bedrooms | $274K | $417.5K | +52.4% |
| 5+ Bedrooms | $562.5K | $655K | +16.4% |
Summary: Elba Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.2%, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 52.4%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Oregon Township | $229.9K | $300K | +30.5% |
| Elba Township | $250K | $325K | +30.0% |
| Lapeer | $240K | $260K | +8.3% |
| Lapeer Township | $240K | $260K | +8.3% |
| Hadley Township | $348K | $375K | +7.8% |
Housing Supply in Elba Township, MI
How many homes are available in Elba Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The Elba Township real estate market had 17 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Elba 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 remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elba Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Elba Township in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Elba Township, MI
How long does it take to sell a home in Elba Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 28 Days | +0.9% |
Summary: Homes in Elba Township had an average of 28 days on market in Nov 2024, up by 0.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elba Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Elba Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.