$3,800 Closing Credit*
$320,000
935 SqFt
3 Beds
•2 Full Baths
Brett A Sloan, Listing Office: JBS Realty Group
Is Martin Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Martin Township has remained a Seller's Market.
Key Takeaway
Martin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Martin Township, MI
How much do homes in Martin Township, MI cost?
Median Sold Price
$269,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,000(+5.5%)
Key Takeaway
Homes in Martin Township have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Martin Township was $269,000 in October 2024, up 5.5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $500K | $185K | -63.0% |
| 3 Bedrooms | $197.5K | $269K | +36.2% |
| 4 Bedrooms | $350K | $300K | -14.3% |
| 5+ Bedrooms | $340K | $259.9K | -23.6% |
Summary: Martin Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 63%, 3 bedroom homes increased by 36.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 23.6%.
Median Sold Price Compared To Nearby Cities
| Shelbyville | $299.9K | $330K | +10.0% |
| Wayland Township | $299.9K | $324.9K | +8.3% |
| Orangeville Township | $300K | $319.9K | +6.6% |
| Martin | $255K | $270K | +5.9% |
| Martin Township | $255K | $269K | +5.5% |
Housing Supply in Martin Township, MI
How many homes are available in Martin Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The Martin Township real estate market had 9 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Martin Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Martin Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Martin Township in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 11 Days | -78.8% |
Summary: Homes in Martin Township had an average of 11 days on market in Oct 2024, down by 78.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were 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 October 2024, 3 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.
