$1,781 Closing Credit*
$150,000
796 SqFt
2 Beds
•1 Full Bath
Adrena Holman, Tiffanie Turrentine, Listing Office: EXP Realty LLC
Is Sumpter 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, Sumpter Township was a Buyer's Market.
Key Takeaway
Sumpter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sumpter Township, MI
How much do homes in Sumpter Township, MI cost?
Median Sold Price
$279,900
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,400(+7.0%)
Key Takeaway
Homes in Sumpter Township have sold for 7% more than they did a year ago.
Summary: The median home sold price in Sumpter Township was $279,900 in November 2024, up 7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $152.5K | $187.5K | +23.0% |
| 3 Bedrooms | $244.5K | $279.9K | +14.5% |
| 4 Bedrooms | $320K | $318K | -0.6% |
| 5+ Bedrooms | $444.5K | $282.5K | -36.4% |
Summary: Sumpter 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 23%, 3 bedroom homes increased by 14.5%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 36.4%.
Median Sold Price Compared To Nearby Cities
| Sumpter Township | $261.5K | $279.9K | +7.0% |
| Huron Charter Township | $322K | $339.9K | +5.6% |
| Van Buren Charter Township | $300K | $278K | -7.3% |
Housing Supply in Sumpter Township, MI
How many homes are available in Sumpter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 35 | +16.7% |
Summary: The Sumpter Township real estate market had 35 homes for sale in November 2024, a 16.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Sumpter 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 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 300%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
5 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 Sumpter Township, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Sumpter Township in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Sumpter Township, MI
How long does it take to sell a home in Sumpter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 19 Days | -11.4% |
Summary: Homes in Sumpter Township had an average of 19 days on market in Nov 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sumpter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Sumpter Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
