$4,394 Closing Credit*
$370,000
2,116 SqFt
4 Beds
•2 Full Baths, 1 Partial
Adam Keller, Listing Office: Foundation 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
Since last month, Madison Charter Township has remained a Seller's Market.
Key Takeaway
Madison Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Madison Charter Township, MI
How much do homes in Madison Charter Township, MI cost?
Median Sold Price
$245,000
$144/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$44,900(-15.5%)
Key Takeaway
Homes in Madison Charter Township have sold for 15.5% less than they did a month ago.
Summary: The median home sold price in Madison Charter Township was $245,000 in November 2024, down 15.5% from last month, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $287.4K | $210K | -26.9% |
| 4 Bedrooms | $663.9K | $280K | -57.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Madison Charter 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 decreased by 26.9%, 4 bedroom homes decreased by 57.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Dover Township | $169K | $194.7K | +15.2% |
| Madison Charter Township | $289.9K | $245K | -15.5% |
Housing Supply in Madison Charter Township, MI
How many homes are available in Madison Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The Madison Charter Township real estate market had 16 homes for sale in November 2024, a 14.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Madison 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 remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 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. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Madison Charter Township in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 Days | 71 Days | +13.1% |
Summary: Homes in Madison Charter Township had an average of 71 days on market in Nov 2024, up by 13.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Madison Charter Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in Madison Charter Township; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
