$2,019 Closing Credit*
$170,000
1,008 SqFt
2 Beds
•1 Full Bath
Emily Wolfgang, Listing Office: Modern Realty
Is Midland Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Midland Charter Township has remained a Seller's Market.
Key Takeaway
Midland Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Midland Charter Township, MI
How much do homes in Midland Charter Township, MI cost?
Median Sold Price
$240,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,000(+11.1%)
Key Takeaway
Homes in Midland Charter Township have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Midland Charter Township was $240,000 in November 2024, up 11.1% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63.5K | - | N/A |
| 2 Bedrooms | $136K | $145K | +6.6% |
| 3 Bedrooms | $182K | $211K | +15.9% |
| 4 Bedrooms | $295K | $300K | +1.7% |
| 5+ Bedrooms | $349.9K | $400K | +14.3% |
Summary: Midland Charter 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 increased by 6.6%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Midland | $215.5K | $240K | +11.4% |
| Midland Charter Township | $216K | $240K | +11.1% |
| Homer Township | $174.9K | $170K | -2.8% |
| Larkin Charter Township | $485.7K | $415K | -14.6% |
Housing Supply in Midland Charter Township, MI
How many homes are available in Midland Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 108 | 93 | -13.9% |
Summary: The Midland Charter Township real estate market had 93 homes for sale in November 2024, a 13.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 51 | 42 | -17.6% |
| 4 Bedrooms | 32 | 29 | -9.4% |
| 5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The Midland 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 decreased by 17.6%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 23 | -37.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midland Charter Township, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Midland Charter Township in November 2024, down by 37.8% month-over-month. Of the 23 sold homes, 61% were sold under asking, 9% were sold at asking, and 30% were sold over asking.
Days on Market for Midland Charter Township, MI
How long does it take to sell a home in Midland Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 21 Days | -44.0% |
Summary: Homes in Midland Charter Township had an average of 21 days on market in Nov 2024, down by 44% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Midland Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in Midland Charter Township; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.