$1,543 Closing Credit*
$129,900
842 SqFt
2 Beds
•1 Full Bath
#50163304, Charlene Rupp, Listing Office: Bay Area Real Estate
Is Monitor 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, Monitor Charter Township has remained a Seller's Market.
Key Takeaway
Monitor Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monitor Charter Township, MI
How much do homes in Monitor Charter Township, MI cost?
Median Sold Price
$218,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,550(+2.6%)
Key Takeaway
Homes in Monitor Charter Township have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Monitor Charter Township was $218,000 in November 2024, up 2.6% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $147.2K | $180.5K | +22.6% |
| 3 Bedrooms | $212.4K | $200K | -5.9% |
| 4 Bedrooms | $264.9K | $324K | +22.3% |
| 5+ Bedrooms | $551.7K | $400K | -27.5% |
Summary: Monitor 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 22.6%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes decreased by 27.5%.
Median Sold Price Compared To Nearby Cities
| Bangor Charter Township | $172.5K | $206K | +19.4% |
| Bay City | $134K | $140.1K | +4.6% |
| Monitor Charter Township | $212.4K | $218K | +2.6% |
Housing Supply in Monitor Charter Township, MI
How many homes are available in Monitor Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Monitor Charter Township real estate market had 28 homes for sale in November 2024, a 7.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Monitor 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 increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monitor Charter Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Monitor Charter Township in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Monitor Charter Township, MI
How long does it take to sell a home in Monitor Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 11 Days | -62.8% |
Summary: Homes in Monitor Charter Township had an average of 11 days on market in Nov 2024, down by 62.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monitor Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Monitor Charter Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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.