$1,070 Closing Credit*
$90,100
2,147 SqFt
4 Beds
•2 Full Baths
Lori A Brown, Listing Office: Realhome Services and Solutions Inc
Is Tekonsha, 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, Tekonsha has remained a Seller's Market.
Key Takeaway
Tekonsha is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tekonsha, MI
How much do homes in Tekonsha, MI cost?
Median Sold Price
$147,450
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,450(+9.2%)
Key Takeaway
Homes in Tekonsha have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Tekonsha was $147,450 in November 2024, up 9.2% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $265K | +231.3% |
| 2 Bedrooms | $98K | $90.9K | -7.2% |
| 3 Bedrooms | $122.4K | $134.9K | +10.2% |
| 4 Bedrooms | $270K | $387.5K | +43.5% |
| 5+ Bedrooms | - | $276.2K | N/A |
Summary: Tekonsha housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 231.3%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Tekonsha Township | $135K | $149.9K | +11.0% |
| Tekonsha | $135K | $147.4K | +9.2% |
Housing Supply in Tekonsha, MI
How many homes are available in Tekonsha, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Tekonsha real estate market had 11 homes for sale in November 2024, a 15.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Tekonsha housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
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 Tekonsha, 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 Tekonsha in November 2024, down by 33.3% 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 Tekonsha, MI
How long does it take to sell a home in Tekonsha, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 155 Days | +1627.8% |
Summary: Homes in Tekonsha had an average of 155 days on market in Nov 2024, up by 1627.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tekonsha are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Tekonsha; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
