$2,196 Closing Credit*
$184,900
2,104 SqFt
4 Beds
Randall Brookshire, Amber Anderson, Listing Office: Century 21 Affiliated
Is Palmyra 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, Palmyra Township has remained a Seller's Market.
Key Takeaway
Palmyra Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palmyra Township, MI
How much do homes in Palmyra Township, MI cost?
Median Sold Price
$185,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+12.1%)
Key Takeaway
Homes in Palmyra Township have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Palmyra Township was $185,000 in October 2024, up 12.1% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $87K | $160K | +83.9% |
| 3 Bedrooms | $165K | $179K | +8.5% |
| 4 Bedrooms | $233K | $196K | -15.9% |
| 5+ Bedrooms | - | $254.9K | N/A |
Summary: Palmyra 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 83.9%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Palmyra Township | $165K | $185K | +12.1% |
| Blissfield | $175K | $181.6K | +3.8% |
| Blissfield Township | $175K | $181.6K | +3.8% |
Housing Supply in Palmyra Township, MI
How many homes are available in Palmyra Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Summary: The Palmyra Township real estate market had 4 homes for sale in October 2024, a 42.9% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Palmyra 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 decreased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmyra Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Palmyra Township in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Palmyra Township, MI
How long does it take to sell a home in Palmyra Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 29 Days | -37.0% |
Summary: Homes in Palmyra Township had an average of 29 days on market in Oct 2024, down by 37% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palmyra Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Palmyra Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
