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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stanton Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Stanton Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Stanton Township, MI

How much do homes in Stanton Township, MI cost?

Median Sold Price

$237,450

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,350(+9.9%)

Key Takeaway

Homes in Stanton Township have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Stanton Township was $237,450 in November 2024, up 9.9% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $220K$89.9K
-59.1%
2 $140K$230K
+64.3%
3 $195.5K$225.9K
+15.6%
4 $220K$294.9K
+34.0%
5+ $300K$335K
+11.7%

Summary: Stanton Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.1%, 2 bedroom homes increased by 64.3%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 34%, and 5+ bedroom homes increased by 11.7%.

Housing Supply in Stanton Township, MI

How many homes are available in Stanton Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3633-8.3%

Summary: The Stanton Township real estate market had 33 homes for sale in November 2024, a 8.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 98
-11.1%
3 1816
-11.1%
4 55
0.0%
5+ 32
-33.3%

Summary: The Stanton Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stanton Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Stanton Township in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for Stanton Township, MI

How long does it take to sell a home in Stanton Township, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days67 Days+260.3%

Summary: Homes in Stanton Township had an average of 67 days on market in Nov 2024, up by 260.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Stanton Township has remained consistent over time.

Summary: During November 2024, 7 homes were sold in Stanton Township; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

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 Stanton Township, MI

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