$3,561 Closing Credit*
$299,900
1,414 SqFt
3 Beds
•1 Full Bath, 1 Partial
Art Attila, Listing Office: ERA Reardon Realty
Is Royalton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Royalton Township was a Buyer's Market.
Key Takeaway
Royalton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Royalton Township, MI
How much do homes in Royalton Township, MI cost?
Median Sold Price
$420,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+5.0%)
Key Takeaway
Homes in Royalton Township have sold for 5% more than they did a year ago.
Summary: The median home sold price in Royalton Township was $420,000 in October 2024, up 5% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $279.9K | $254K | -9.3% |
| 3 Bedrooms | $319.7K | $351.5K | +9.9% |
| 4 Bedrooms | $415K | $475K | +14.5% |
| 5+ Bedrooms | $480K | $620K | +29.2% |
Summary: Royalton 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 decreased by 9.3%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 29.2%.
Median Sold Price Compared To Nearby Cities
| Benton Charter Township | $139.8K | $156.8K | +12.1% |
| Saint Joseph Charter Township | $260K | $280K | +7.7% |
| Royalton Township | $400K | $420K | +5.0% |
Housing Supply in Royalton Township, MI
How many homes are available in Royalton Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 33 | -10.8% |
Summary: The Royalton Township real estate market had 33 homes for sale in October 2024, a 10.8% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Royalton 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 36.4%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Royalton Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Royalton Township in October 2024, down by 16.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Royalton Township, MI
How long does it take to sell a home in Royalton Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 84 Days | +26.5% |
Summary: Homes in Royalton Township had an average of 84 days on market in Oct 2024, up by 26.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Royalton Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 10 homes were sold in Royalton Township; 30% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
