$125,000
10.45 Acres
Land
The Heaps Team, Keene Taylor, Listing Office: Realty Executives Instant Equity
Is Royalton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+2.4%)
Key Takeaway
Homes in Royalton Township have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Royalton Township was $420,000 in November 2024, up 2.4% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $279.9K | $254K | -9.3% |
| 3 Bedrooms | $324.4K | $350.7K | +8.1% |
| 4 Bedrooms | $415K | $429K | +3.4% |
| 5+ Bedrooms | $480K | $602K | +25.4% |
Summary: Royalton 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 decreased by 9.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 25.4%.
Median Sold Price Compared To Nearby Cities
| Benton Charter Township | $144.5K | $165K | +14.2% |
| Saint Joseph Charter Township | $260K | $279.4K | +7.5% |
| Royalton Township | $410K | $420K | +2.4% |
Housing Supply in Royalton Township, MI
How many homes are available in Royalton Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 26 | -21.2% |
Summary: The Royalton Township real estate market had 26 homes for sale in November 2024, a 21.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Royalton 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 28.6%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 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. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Royalton Township in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 40 Days | +22.7% |
Summary: Homes in Royalton Township had an average of 40 days on market in Nov 2024, up by 22.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Royalton Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Royalton Township; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
