$5,213 Closing Credit*
$439,000
2,725 SqFt
4 Beds
•3 Full Baths
Kyle W VanderStel, Listing Office: Kyle VanderStel Realty Group, LLC
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 November 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
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$15,850(-3.8%)
Key Takeaway
Homes in Tallmadge Charter Township have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Tallmadge Charter Township was $397,900 in November 2024, down 3.8% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $394.5K | $310K | -21.4% |
| 3 Bedrooms | $349.9K | $376.2K | +7.5% |
| 4 Bedrooms | $487.4K | $445.5K | -8.6% |
| 5+ Bedrooms | $514.9K | $535K | +3.9% |
Summary: Tallmadge Charter 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 decreased by 21.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in Tallmadge Charter Township, MI
How many homes are available in Tallmadge Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Summary: The Tallmadge Charter Township real estate market had 22 homes for sale in November 2024, a 12.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Tallmadge Charter 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 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tallmadge Charter Township, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Tallmadge Charter Township in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 27 Days | +500.0% |
Summary: Homes in Tallmadge Charter Township had an average of 27 days on market in Nov 2024, up by 500% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was 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 November 2024, 8 homes were sold in Tallmadge Charter Township; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
