$2,078 Closing Credit*
$175,000
1,318 SqFt
4 Beds
•2 Full Baths
#50161028, Breann Wass, Listing Office: Ayre/Rhinehart Bay REALTORS
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 October 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
$226,700
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,800(+9.6%)
Key Takeaway
Homes in Monitor Charter Township have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Monitor Charter Township was $226,700 in October 2024, up 9.6% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $147.2K | $215K | +46.0% |
| 3 Bedrooms | $215K | $200K | -7.0% |
| 4 Bedrooms | $206.9K | $347.9K | +68.2% |
| 5+ Bedrooms | $551.7K | $400K | -27.5% |
Summary: Monitor Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 68.2%, and 5+ bedroom homes decreased by 27.5%.
Median Sold Price Compared To Nearby Cities
| Bangor Charter Township | $165K | $199.9K | +21.2% |
| Monitor Charter Township | $206.9K | $226.7K | +9.6% |
| Bay City | $134.9K | $141.1K | +4.6% |
Housing Supply in Monitor Charter Township, MI
How many homes are available in Monitor Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 30 | +50.0% |
Summary: The Monitor Charter Township real estate market had 30 homes for sale in October 2024, a 50.0% 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 12 | 18 | +50.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Monitor Charter 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 66.7%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monitor Charter Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Monitor Charter Township in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 25 Days | +43.7% |
Summary: Homes in Monitor Charter Township had an average of 25 days on market in Oct 2024, up by 43.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was 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 October 2024, 7 homes were sold in Monitor Charter Township; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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.