$5,224 Closing Credit*
$439,900
1,476 SqFt
4 Beds
•2 Full Baths, 1 Partial
Cathy Meyering, Listing Office: Five Star Real Estate (Ada)
Is Tallmadge Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Tallmadge Charter Township has remained a Seller's Market.
Key Takeaway
Tallmadge Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tallmadge Charter Township, MI
How much do homes in Tallmadge Charter Township, MI cost?
Median Sold Price
$397,900
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$30,600(-7.1%)
Key Takeaway
Homes in Tallmadge Charter Township have sold for 7.1% less than they did a year ago.
Summary: The median home sold price in Tallmadge Charter Township was $397,900 in October 2024, down 7.1% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | - | N/A |
| 2 Bedrooms | - | $310K | N/A |
| 3 Bedrooms | $389.9K | $376.2K | -3.5% |
| 4 Bedrooms | $515K | $417.5K | -18.9% |
| 5+ Bedrooms | $514.9K | $509.9K | -1.0% |
Summary: Tallmadge Charter 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 did not change, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes decreased by 1%.
Housing Supply in Tallmadge Charter Township, MI
How many homes are available in Tallmadge Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Summary: The Tallmadge Charter Township real estate market had 27 homes for sale in October 2024, a 15.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Tallmadge Charter 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 remained the same, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tallmadge Charter Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Tallmadge Charter Township in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Tallmadge Charter Township, MI
How long does it take to sell a home in Tallmadge Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 18 Days | -48.9% |
Summary: Homes in Tallmadge Charter Township had an average of 18 days on market in Oct 2024, down by 48.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tallmadge Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Tallmadge Charter Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
