$2,255 Closing Credit*
$189,900
1,935 SqFt
3 Beds
•1 Full Bath, 1 Partial
MORGAN GILPIN, Listing Office: GILPIN AGENCY INC.
Is Tekonsha, 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, Tekonsha was a Seller's Market.
Key Takeaway
Tekonsha is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Tekonsha, MI
How much do homes in Tekonsha, MI cost?
Median Sold Price
$134,900
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,100(-10.1%)
Key Takeaway
Homes in Tekonsha have sold for 10.1% less than they did a year ago.
Summary: The median home sold price in Tekonsha was $134,900 in October 2024, down 10.1% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | - | N/A |
| 2 Bedrooms | $120K | $90.9K | -24.2% |
| 3 Bedrooms | $119.9K | $134.9K | +12.5% |
| 4 Bedrooms | $270K | $387.5K | +43.5% |
| 5+ Bedrooms | $150K | $276.2K | +84.2% |
Summary: Tekonsha 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 decreased by 24.2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes increased by 84.2%.
Median Sold Price Compared To Nearby Cities
| Tekonsha Township | $150K | $142.4K | -5.1% |
| Tekonsha | $150K | $134.9K | -10.1% |
Housing Supply in Tekonsha, MI
How many homes are available in Tekonsha, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Summary: The Tekonsha real estate market had 12 homes for sale in October 2024, a 50.0% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Tekonsha 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 increased by 50%, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tekonsha, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Tekonsha in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 4 Days | -85.7% |
Summary: Homes in Tekonsha had an average of 4 days on market in Oct 2024, down by 85.7% 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 Tekonsha are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Tekonsha; 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.
