Is Perry Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Perry Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Perry Township has remained a Seller's Market.

Key Takeaway

Perry Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Perry Township, MI

How much do homes in Perry Township, MI cost?

Median Sold Price

$247,000

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$36,000(+17.1%)

Key Takeaway

Homes in Perry Township have sold for 17.1% more than they did a year ago.

Summary: The median home sold price in Perry Township was $247,000 in November 2024, up 17.1% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $114.9K$144.3K
+25.5%
3 $210K$243K
+15.7%
4 $280K$296K
+5.7%
5+ $510K$528K
+3.5%

Summary: Perry 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 25.5%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 3.5%.

Median Sold Price Compared To Nearby Cities

Antrim Township
+76.5%
Morrice
+30.8%
Perry Township
+17.1%
Perry
+6.1%
Bennington Township
-25.9%

Housing Supply in Perry Township, MI

How many homes are available in Perry Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
26260.0%

Summary: The Perry Township real estate market had 26 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 2120
-4.8%
4 35
+66.7%
5+ 00
0.0%

Summary: The Perry 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 decreased by 50%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Perry Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Perry Township in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Perry Township, MI

How long does it take to sell a home in Perry Township, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days28 Days-37.8%

Summary: Homes in Perry Township had an average of 28 days on market in Nov 2024, down by 37.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Perry Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in Perry Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Perry Township, MI

Nearby Markets to Perry Township, MI