$3,681 Closing Credit*
$310,000
1,658 SqFt
3 Beds
•2 Full Baths
Emily L Laursen, Listing Office: Bellabay Realty (North)
Is Nelson 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, Nelson Township has remained a Seller's Market.
Key Takeaway
Nelson Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nelson Township, MI
How much do homes in Nelson Township, MI cost?
Median Sold Price
$305,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+10.9%)
Key Takeaway
Homes in Nelson Township have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Nelson Township was $305,000 in October 2024, up 10.9% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197.5K | - | N/A |
| 2 Bedrooms | $118K | $200K | +69.5% |
| 3 Bedrooms | $226K | $299K | +32.3% |
| 4 Bedrooms | $302K | $404.9K | +34.1% |
| 5+ Bedrooms | $419.9K | $424K | +1.0% |
Summary: Nelson 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 69.5%, 3 bedroom homes increased by 32.3%, 4 bedroom homes increased by 34.1%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
| Sand Lake | $250K | $305K | +22.0% |
| Courtland Township | $448.3K | $520K | +16.0% |
| Cedar Springs | $280K | $312K | +11.4% |
| Nelson Township | $275K | $305K | +10.9% |
Housing Supply in Nelson Township, MI
How many homes are available in Nelson Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Summary: The Nelson Township real estate market had 21 homes for sale in October 2024, a 31.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Nelson 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Nelson Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Nelson Township in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Nelson Township, MI
How long does it take to sell a home in Nelson Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 21 Days | +35.3% |
Summary: Homes in Nelson Township had an average of 21 days on market in Oct 2024, up by 35.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nelson Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Nelson Township; 60% of homes were sold within 30 days, 40% 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.