Is Martiny Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Martiny Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Martiny Township was a Seller's Market.

Key Takeaway

Martiny Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Martiny Township, MI

How much do homes in Martiny Township, MI cost?

Median Sold Price

$205,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$19,250(-8.6%)

Key Takeaway

Homes in Martiny Township have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in Martiny Township was $205,000 in November 2024, down 8.6% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $98K-
N/A
2 $197K$182.5K
-7.4%
3 $272.5K$182K
-33.2%
4 $622K$630K
+1.3%
5+ $550K$439.9K
-20.0%

Summary: Martiny 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 7.4%, 3 bedroom homes decreased by 33.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 20%.

Median Sold Price Compared To Nearby Cities

Sheridan Township
+5.9%
Morton Township
+5.3%
Martiny Township
-8.6%

Housing Supply in Martiny Township, MI

How many homes are available in Martiny Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1215+25.0%

Summary: The Martiny Township real estate market had 15 homes for sale in November 2024, a 25.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 45
+25.0%
3 23
+50.0%
4 56
+20.0%
5+ 00
0.0%

Summary: The Martiny 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 increased by 25%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Martiny Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Martiny Township in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Martiny Township, MI

How long does it take to sell a home in Martiny Township, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
59 Days35 Days-41.3%

Summary: Homes in Martiny Township had an average of 35 days on market in Nov 2024, down by 41.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Martiny Township has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Martiny Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Martiny Township, MI

Nearby Markets to Martiny Township, MI

What housing markets are near Martiny Township, MI?