$3,652 Closing Credit*
$307,500
1,780 SqFt
3 Beds
•2 Full Baths, 1 Partial
Dreyson Waynick, Listing Office: DJW Realty, LLC
Is Madison Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Madison Charter Township was a Seller's Market.
Key Takeaway
Madison Charter Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Madison Charter Township, MI
How much do homes in Madison Charter Township, MI cost?
Median Sold Price
$302,065
$148/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$57,065(+23.3%)
Key Takeaway
Homes in Madison Charter Township have sold for 23.3% more than they did a month ago.
Summary: The median home sold price in Madison Charter Township was $302,065 in December 2024, up 23.3% from last month, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $210K | $413.5K | +96.9% |
| 4 Bedrooms | $280K | $190.6K | -31.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Madison Charter Township housing prices by bedroom type for December 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 96.9%, 4 bedroom homes decreased by 31.9%, and 5+ bedroom homes did not change.
Housing Supply in Madison Charter Township, MI
How many homes are available in Madison Charter Township, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Madison Charter Township real estate market had 17 homes for sale in December 2024, a 13.3% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Madison Charter Township housing inventory by bedroom type for December 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 30%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madison Charter Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Madison Charter Township in December 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Madison Charter Township, MI
How long does it take to sell a home in Madison Charter Township, MI?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 71 Days | 25 Days | -64.9% |
Summary: Homes in Madison Charter Township had an average of 25 days on market in Dec 2024, down by 64.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Madison Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in Madison Charter Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
