$240,000
60.00 Acres
Land
#50163170, CHUCK GASKILL, Listing Office: REISS REAL ESTATE INC.
Is Lake Charter 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, Lake Charter Township was a Buyer's Market.
Key Takeaway
Lake Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Charter Township, MI
How much do homes in Lake Charter Township, MI cost?
Median Sold Price
$170,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$20,000(-10.5%)
Key Takeaway
Homes in Lake Charter Township have sold for 10.5% less than they did a year ago.
Summary: The median home sold price in Lake Charter Township was $170,000 in November 2024, down 10.5% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59.9K | $66K | +10.2% |
| 2 Bedrooms | $112K | $157.5K | +40.6% |
| 3 Bedrooms | $226.5K | $185K | -18.3% |
| 4 Bedrooms | $375.5K | $282.4K | -24.8% |
| 5+ Bedrooms | $455K | $562.5K | +23.6% |
Summary: Lake Charter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 40.6%, 3 bedroom homes decreased by 18.3%, 4 bedroom homes decreased by 24.8%, and 5+ bedroom homes increased by 23.6%.
Median Sold Price Compared To Nearby Cities
| Sawyer | $443K | $490K | +10.6% |
| Lincoln Charter Township | $322.5K | $325K | +0.8% |
| Lake Charter Township | $190K | $170K | -10.5% |
| Bridgman | $329.4K | $291.5K | -11.5% |
Housing Supply in Lake Charter Township, MI
How many homes are available in Lake Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 71 | 67 | -5.6% |
Summary: The Lake Charter Township real estate market had 67 homes for sale in November 2024, a 5.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 23 | 22 | -4.3% |
| 3 Bedrooms | 34 | 29 | -14.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lake Charter 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 decreased by 4.3%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 21 | +75.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Charter Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Lake Charter Township in November 2024, up by 75.0% month-over-month. Of the 21 sold homes, 57% were sold under asking, 38% were sold at asking, and 5% were sold over asking.
Days on Market for Lake Charter Township, MI
How long does it take to sell a home in Lake Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 66 Days | +6.1% |
Summary: Homes in Lake Charter Township had an average of 66 days on market in Nov 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lake Charter Township has remained consistent over time.
Summary: During November 2024, 21 homes were sold in Lake Charter Township; 33% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 24% 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.