$2,957 Closing Credit*
$249,000
1,472 SqFt
3 Beds
•2 Full Baths
Brooke Hollenbeck Sowa, Listing Office: REO-TCBeulah-Frankfort-233027
Is Homestead 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, Homestead Township has remained a Seller's Market.
Key Takeaway
Homestead Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Homestead Township, MI
How much do homes in Homestead Township, MI cost?
Median Sold Price
$240,500
$190/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$99,000(-29.2%)
Key Takeaway
Homes in Homestead Township have sold for 29.2% less than they did a month ago.
Summary: The median home sold price in Homestead Township was $240,500 in November 2024, down 29.2% from last month, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $70K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $290K | $509.5K | +75.7% |
| 4 Bedrooms | $354K | $240.5K | -32.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Homestead Township housing prices by bedroom type for November 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 75.7%, 4 bedroom homes decreased by 32.1%, and 5+ bedroom homes did not change.
Housing Supply in Homestead Township, MI
How many homes are available in Homestead Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Homestead Township real estate market had 13 homes for sale in November 2024, a 18.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Homestead 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 200%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Homestead Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Homestead Township in November 2024, up by 50.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Homestead Township, MI
How long does it take to sell a home in Homestead Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 90 Days | 63 Days | -29.4% |
Summary: Homes in Homestead Township had an average of 63 days on market in Nov 2024, down by 29.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Homestead Township has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Homestead Township; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
