$450,000
160.00 Acres
Land
#50300676, Karen Gardiner, Listing Office: Broadway Real Estate
Is Stephenson 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, Stephenson Township was a Seller's Market.
Key Takeaway
Stephenson Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Stephenson Township, MI
How much do homes in Stephenson Township, MI cost?
Median Sold Price
$200,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$48,500(+32.0%)
Key Takeaway
Homes in Stephenson Township have sold for 32% more than they did a year ago.
Summary: The median home sold price in Stephenson Township was $200,000 in November 2024, up 32% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $155K | $280K | +80.6% |
| 3 Bedrooms | $167.4K | $200K | +19.4% |
| 4 Bedrooms | $15K | $179.9K | +1099.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Stephenson 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 increased by 80.6%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 1099.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Stephenson Township | $151.5K | $200K | +32.0% |
| Stephenson | $155K | $200K | +29.0% |
Housing Supply in Stephenson Township, MI
How many homes are available in Stephenson Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Stephenson Township real estate market had 6 homes for sale in November 2024, a 14.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Stephenson 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stephenson Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Stephenson Township in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Stephenson Township, MI
We’re sorry, we don't have information for this market at the moment
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.