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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Star Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Star Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Star Township, MI

How much do homes in Star Township, MI cost?

Median Sold Price

$260,000

$151/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$60,000(+30.0%)

Key Takeaway

Homes in Star Township have sold for 30% more than they did a month ago.

Summary: The median home sold price in Star Township was $260,000 in November 2024, up 30% from last month, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $275K-
N/A
3 $200K$250K
+25.0%
4 $179K$270K
+50.8%
5+ --
N/A

Summary: Star Township housing prices by bedroom type for November 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 increased by 25%, 4 bedroom homes increased by 50.8%, and 5+ bedroom homes did not change.

Housing Supply in Star Township, MI

How many homes are available in Star Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
129-25.0%

Summary: The Star Township real estate market had 9 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 86
-25.0%
4 21
-50.0%
5+ 01
+100.0%

Summary: The Star 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 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Star Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Star Township in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Star Township, MI

We’re sorry, we don't have information for this market at the moment

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 Star Township, MI

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What housing markets are near Star Township, MI?