$4,750 Closing Credit*
$400,000
2,918 SqFt
3 Beds
•2 Full Baths, 1 Partial
Becky J Sheppard, Listing Office: Jaqua, REALTORS
Is Martin 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, Martin Township was a Seller's Market.
Key Takeaway
Martin Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Martin Township, MI
How much do homes in Martin Township, MI cost?
Median Sold Price
$257,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$18,000(-6.5%)
Key Takeaway
Homes in Martin Township have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Martin Township was $257,000 in November 2024, down 6.5% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $420K | $170K | -59.5% |
| 3 Bedrooms | $217.5K | $257K | +18.2% |
| 4 Bedrooms | $350K | $341.5K | -2.4% |
| 5+ Bedrooms | $340K | $259.9K | -23.6% |
Summary: Martin Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 59.5%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 23.6%.
Median Sold Price Compared To Nearby Cities
| Wayland Township | $304.9K | $325K | +6.6% |
| Martin | $267.5K | $259.9K | -2.8% |
| Orangeville Township | $322K | $313K | -2.8% |
| Shelbyville | $340K | $327.4K | -3.7% |
| Martin Township | $275K | $257K | -6.5% |
Housing Supply in Martin Township, MI
How many homes are available in Martin Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Martin Township real estate market had 9 homes for sale in November 2024, a 18.2% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Martin 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 decreased by 28.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 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 Martin Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Martin Township in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Martin Township, MI
How long does it take to sell a home in Martin Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 5 Days | -80.5% |
Summary: Homes in Martin Township had an average of 5 days on market in Nov 2024, down by 80.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Martin Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Martin 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.
