$2,541 Closing Credit*
$214,000
1,400 SqFt
3 Beds
•1 Full Bath, 1 Partial
Micah Kemler, Listing Office: 43 NORTH REALTY
Is Emerson Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Emerson Township has remained a Seller's Market.
Key Takeaway
Emerson Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Emerson Township, MI
How much do homes in Emerson Township, MI cost?
Median Sold Price
$200,000
$131/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$65,000(-24.5%)
Key Takeaway
Homes in Emerson Township have sold for 24.5% less than they did a month ago.
Summary: The median home sold price in Emerson Township was $200,000 in October 2024, down 24.5% from last month, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $185K | N/A |
| 4 Bedrooms | $265K | $270K | +1.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Emerson Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes did not change.
Housing Supply in Emerson Township, MI
How many homes are available in Emerson Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Emerson Township real estate market had 6 homes for sale in October 2024, a 14.3% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Emerson 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Emerson Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Emerson Township in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Emerson Township, MI
How long does it take to sell a home in Emerson Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 84 Days | 230 Days | +173.0% |
Summary: Homes in Emerson Township had an average of 230 days on market in Oct 2024, up by 173% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Emerson Township has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Emerson Township; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
