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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mitchell Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Mitchell Township was a Seller's Market.

Key Takeaway

Mitchell Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mitchell Township, MI

How much do homes in Mitchell Township, MI cost?

Median Sold Price

$245,000

$148/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$121,250(+98.0%)

Key Takeaway

Homes in Mitchell Township have sold for 98% more than they did a month ago.

Summary: The median home sold price in Mitchell Township was $245,000 in November 2024, up 98% from last month, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $71.5K-
N/A
2 $176K-
N/A
3 -$245K
N/A
4 --
N/A
5+ --
N/A

Summary: Mitchell Township housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Mitchell Township, MI

How many homes are available in Mitchell Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
86-25.0%

Summary: The Mitchell Township real estate market had 6 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 21
-50.0%
3 44
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Mitchell Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

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 Mitchell 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 Mitchell Township in November 2024, down by 50.0% month-over-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 Mitchell Township, MI

We’re sorry, we don't have information for this market at the moment

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 Mitchell Township, MI

Nearby Markets to Mitchell Township, MI

What housing markets are near Mitchell Township, MI?