$1,544 Closing Credit*
$130,000
720 SqFt
2 Beds
•1 Full Bath
Rhonda Thorman, Listing Office: Lynda's Real Estate Service
Is Melrose 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, Melrose Township was a Buyer's Market.
Key Takeaway
Melrose Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Melrose Township, MI
How much do homes in Melrose Township, MI cost?
Median Sold Price
$289,500
$163/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$444,300(-60.5%)
Key Takeaway
Homes in Melrose Township have sold for 60.5% less than they did a month ago.
Summary: The median home sold price in Melrose Township was $289,500 in October 2024, down 60.5% from last month, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $733.8K | $289.5K | -60.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Melrose Township housing prices by bedroom type for October 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 60.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Melrose Township, MI
How many homes are available in Melrose Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Summary: The Melrose Township real estate market had 10 homes for sale in October 2024, a 25.0% increase 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Melrose 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 increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
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 Melrose 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 Melrose Township in October 2024, up by 100.0% 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 Melrose Township, MI
We’re sorry, we don't have information for this market at the moment
