$175,000
1.18 Acres
Land
Ranae Ihme, Listing Office: LVR Realty, LLC
Is Empire 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, Empire Township has remained a Seller's Market.
Key Takeaway
Empire Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Empire Township, MI
How much do homes in Empire Township, MI cost?
Median Sold Price
$686,950
$397/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$58,050(-7.8%)
Key Takeaway
Homes in Empire Township have sold for 7.8% less than they did a month ago.
Summary: The median home sold price in Empire Township was $686,950 in October 2024, down 7.8% from last month, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $532.4K | N/A |
| 3 Bedrooms | $540K | $921.5K | +70.6% |
| 4 Bedrooms | $950K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Empire 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 increased by 70.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Kasson Township | $190K | $647.5K | +240.8% |
| Maple City | $190K | $559.2K | +194.3% |
| Glen Arbor | $390K | $450K | +15.4% |
| Empire Township | $745K | $686.9K | -7.8% |
| Empire | $745K | $686.9K | -7.8% |
Housing Supply in Empire Township, MI
How many homes are available in Empire Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The Empire Township real estate market had 11 homes for sale in October 2024, a 10.0% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Empire 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 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Empire Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Empire Township in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Empire Township, MI
How long does it take to sell a home in Empire Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 42 Days | -29.9% |
Summary: Homes in Empire Township had an average of 42 days on market in Oct 2024, down by 29.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was 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 Empire Township has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Empire Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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