$2,434 Closing Credit*
$205,000
2,316 SqFt
3 Beds
•2 Full Baths, 1 Partial
Christopher R Gebrael, Nadeem A Gebrael, Listing Office: Gebrael Management
Is Montrose 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, Montrose Charter Township has remained a Seller's Market.
Key Takeaway
Montrose Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montrose Charter Township, MI
How much do homes in Montrose Charter Township, MI cost?
Median Sold Price
$174,200
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$11,193(-6.0%)
Key Takeaway
Homes in Montrose Charter Township have sold for 6% less than they did a year ago.
Summary: The median home sold price in Montrose Charter Township was $174,200 in November 2024, down 6% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | - | N/A |
| 2 Bedrooms | $110K | $136.5K | +24.1% |
| 3 Bedrooms | $180K | $189K | +5.0% |
| 4 Bedrooms | $252.5K | $235K | -6.9% |
| 5+ Bedrooms | $118.3K | $247.5K | +109.1% |
Summary: Montrose 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 24.1%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 109.1%.
Median Sold Price Compared To Nearby Cities
| Burt | $172K | $180K | +4.7% |
| Vienna Charter Township | $215.1K | $225K | +4.6% |
| Montrose | $180K | $170K | -5.6% |
| Montrose Charter Township | $185.3K | $174.2K | -6.0% |
Housing Supply in Montrose Charter Township, MI
How many homes are available in Montrose Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Summary: The Montrose Charter Township real estate market had 26 homes for sale in November 2024, a 3.7% decrease 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 20 | 15 | -25.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Montrose 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 200%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Montrose Charter Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Montrose Charter Township in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Montrose Charter Township, MI
How long does it take to sell a home in Montrose Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 29 Days | +488.0% |
Summary: Homes in Montrose Charter Township had an average of 29 days on market in Nov 2024, up by 488% compared to last year.
Breakdown of Home Sale Times
4 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 Montrose Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Montrose Charter Township; 80% of homes were sold within 30 days, 20% 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.