$114,000
5.72 Acres
Land
Robin Massey, Listing Office: North Shores Properties, 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 October 2023
At the same time last year, Sumpter Township was a Seller's Market.
Key Takeaway
Sumpter Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sumpter Township, MI
How much do homes in Sumpter Township, MI cost?
Median Sold Price
$295,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+7.3%)
Key Takeaway
Homes in Sumpter Township have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Sumpter Township was $295,000 in October 2024, up 7.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $152.5K | $205K | +34.4% |
| 3 Bedrooms | $253K | $289.9K | +14.6% |
| 4 Bedrooms | $320K | $306K | -4.4% |
| 5+ Bedrooms | $462K | $395K | -14.5% |
Summary: Sumpter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.4%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Sumpter Township | $275K | $295K | +7.3% |
| Willis | $305K | $315K | +3.3% |
| Huron Charter Township | $330K | $339.9K | +3.0% |
| Van Buren Charter Township | $300K | $278.7K | -7.1% |
Housing Supply in Sumpter Township, MI
How many homes are available in Sumpter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 30 | +42.9% |
Summary: The Sumpter Township real estate market had 30 homes for sale in October 2024, a 42.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 11 | 19 | +72.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Sumpter 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 decreased by 50%, 3 bedroom homes increased by 72.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Sumpter Township in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 9 Days | -79.1% |
Summary: Homes in Sumpter Township had an average of 9 days on market in Oct 2024, down by 79.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 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 October 2024, 2 homes were sold in Sumpter Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.