$6,638 Closing Credit*
$559,000
2,464 SqFt
4 Beds
•2 Full Baths
Matthew Dakoske, Listing Office: REMAX Bayshore - Union St TC
Is Solon Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Solon Township was a Buyer's Market.
Key Takeaway
Solon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Solon Township, MI
How much do homes in Solon Township, MI cost?
Median Sold Price
$560,000
$193/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$200,000(-26.3%)
Key Takeaway
Homes in Solon Township have sold for 26.3% less than they did a month ago.
Summary: The median home sold price in Solon Township was $560,000 in October 2024, down 26.3% from last month, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $125K | N/A |
| 3 Bedrooms | - | $615K | N/A |
| 4 Bedrooms | $760K | - | N/A |
| 5+ Bedrooms | - | $560K | N/A |
Summary: Solon Township housing prices by bedroom type for October 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
| Maple City | $190K | $559.2K | +194.3% |
| Solon Township | $760K | $560K | -26.3% |
| Cedar | $559.5K | $401.5K | -28.2% |
| Centerville Township | $549K | $381.9K | -30.4% |
Housing Supply in Solon Township, MI
How many homes are available in Solon Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The Solon Township real estate market had 8 homes for sale in October 2024, a 14.3% increase 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 | 3 | 5 | +66.7% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Solon 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 increased by 66.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Solon Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Solon Township in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Solon Township, MI
How long does it take to sell a home in Solon Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 91 Days | +122.0% |
Summary: Homes in Solon Township had an average of 91 days on market in Oct 2024, up by 122% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Solon Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in Solon Township; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
