$3,086 Closing Credit*
$259,900
2,252 SqFt
3 Beds
•3 Full Baths
Scott Gray, Listing Office: Xsell Realty
Is Tecumseh 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, Tecumseh Township has remained a Seller's Market.
Key Takeaway
Tecumseh Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tecumseh Township, MI
How much do homes in Tecumseh Township, MI cost?
Median Sold Price
$253,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,000(-1.6%)
Key Takeaway
Homes in Tecumseh Township have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Tecumseh Township was $253,000 in October 2024, down 1.6% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | - | N/A |
| 2 Bedrooms | $207K | $209K | +1.0% |
| 3 Bedrooms | $240K | $250K | +4.2% |
| 4 Bedrooms | $289.9K | $258.5K | -10.8% |
| 5+ Bedrooms | $360K | $372.5K | +3.5% |
Summary: Tecumseh 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 1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Tecumseh Township | $257K | $253K | -1.6% |
| Tecumseh | $257K | $253K | -1.6% |
| Ridgeway Township | $210K | $190K | -9.5% |
Housing Supply in Tecumseh Township, MI
How many homes are available in Tecumseh Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 70 | +7.7% |
Summary: The Tecumseh Township real estate market had 70 homes for sale in October 2024, a 7.7% increase 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 | 8 | 6 | -25.0% |
| 3 Bedrooms | 33 | 36 | +9.1% |
| 4 Bedrooms | 21 | 27 | +28.6% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Tecumseh 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 25%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tecumseh Township, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Tecumseh Township in October 2024, down by 5.9% month-over-month. Of the 16 sold homes, 81% were sold under asking, 6% were sold at asking, and 13% were sold over asking.
Days on Market for Tecumseh Township, MI
How long does it take to sell a home in Tecumseh Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 60 Days | -10.6% |
Summary: Homes in Tecumseh Township had an average of 60 days on market in Oct 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tecumseh Township has remained consistent over time.
Summary: During October 2024, 16 homes were sold in Tecumseh Township; 31% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
