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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Posen Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Posen Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Posen Township, MI

How much do homes in Posen Township, MI cost?

Median Sold Price

$167,500

$123/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$17,600(+11.7%)

Key Takeaway

Homes in Posen Township have sold for 11.7% more than they did a month ago.

Summary: The median home sold price in Posen Township was $167,500 in November 2024, up 11.7% from last month, and the median price per square foot was $123.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$167.5K
N/A
3 $149.9K-
N/A
4 --
N/A
5+ --
N/A

Summary: Posen Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Long Rapids Township
+24.3%
Posen Township
+11.7%
Posen
+11.7%
Krakow Township
-80.2%

Housing Supply in Posen Township, MI

How many homes are available in Posen Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
43-25.0%

Summary: The Posen Township real estate market had 3 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 10
-100.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Posen 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 remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Posen Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Posen Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Posen Township, MI

We’re sorry, we don't have information for this market at the moment

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 Posen Township, MI

Nearby Markets to Posen Township, MI