$10,000 Closing Credit*
$850,000
5,532 SqFt
3 Beds
•3 Full Baths
Anila Shkembi, Listing Office: RE/MAX First Shelby
Is Shelby Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Shelby Charter Township has remained a Seller's Market.
Key Takeaway
Shelby Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shelby Charter Township, MI
How much do homes in Shelby Charter Township, MI cost?
Median Sold Price
$354,600
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,608(+5.5%)
Key Takeaway
Homes in Shelby Charter Township have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Shelby Charter Township was $354,600 in November 2024, up 5.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152K | $125K | -17.8% |
| 2 Bedrooms | $240K | $250K | +4.2% |
| 3 Bedrooms | $320K | $352K | +10.0% |
| 4 Bedrooms | $539.5K | $525K | -2.7% |
| 5+ Bedrooms | $596.5K | $590K | -1.1% |
Summary: Shelby Charter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Sterling Heights | $285.5K | $305.1K | +6.9% |
| Shelby Charter Township | $335.9K | $354.6K | +5.5% |
| Macomb | $424.4K | $445.4K | +4.9% |
| Macomb Township | $424.9K | $445.3K | +4.8% |
| Utica | $532.5K | $486K | -8.7% |
Housing Supply in Shelby Charter Township, MI
How many homes are available in Shelby Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 274 | 273 | -0.4% |
Summary: The Shelby Charter Township real estate market had 273 homes for sale in November 2024, a 0.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 75 | 69 | -8.0% |
| 3 Bedrooms | 100 | 93 | -7.0% |
| 4 Bedrooms | 88 | 100 | +13.6% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Shelby Charter 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 8%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 61 | -17.6% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shelby Charter Township, you may be able to get a good deal. 52.5% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Shelby Charter Township in November 2024, down by 17.6% month-over-month. Of the 61 sold homes, 52% were sold under asking, 20% were sold at asking, and 28% were sold over asking.
Days on Market for Shelby Charter Township, MI
How long does it take to sell a home in Shelby Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 30 Days | -9.7% |
Summary: Homes in Shelby Charter Township had an average of 30 days on market in Nov 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shelby Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 61 homes were sold in Shelby Charter Township; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.