$3,348 Closing Credit*
$281,900
1,281 SqFt
3 Beds
•2 Full Baths
Scott Harris, Listing Office: Howard Hanna - Monroe
Is Erie 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, Erie Township was a Seller's Market.
Key Takeaway
Erie Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Erie Township, MI
How much do homes in Erie Township, MI cost?
Median Sold Price
$185,000
$135/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Erie Township has remained the same since last year.
Summary: The median home sold price in Erie Township was $185,000 in November 2024, the same as last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $163K | -11.9% |
| 2 Bedrooms | $141.4K | $132.5K | -6.3% |
| 3 Bedrooms | $179.9K | $205K | +13.9% |
| 4 Bedrooms | $254K | $250K | -1.6% |
| 5+ Bedrooms | - | $136.5K | N/A |
Summary: Erie Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Luna Pier | $162.5K | $175K | +7.7% |
| Temperance | $255K | $263K | +3.1% |
| Erie | $185K | $187.4K | +1.3% |
| Erie Township | $185K | $185K | 0.0% |
Housing Supply in Erie Township, MI
How many homes are available in Erie Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The Erie Township real estate market had 14 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Erie 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 increased by 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Erie Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Erie Township in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Erie Township, MI
How long does it take to sell a home in Erie Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 6 Days | 0.0% |
Summary: Homes in Erie Township had an average of 6 days on market in Nov 2024, the same as last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Erie Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Erie 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.
