$6,116 Closing Credit*
$515,000
2,616 SqFt
4 Beds
•3 Full Baths, 1 Partial
Rich Olson, Listing Office: Michigan Top Producers
Is Texas 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, Texas Charter Township has remained a Seller's Market.
Key Takeaway
Texas Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Texas Charter Township, MI
How much do homes in Texas Charter Township, MI cost?
Median Sold Price
$496,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,000(+4.4%)
Key Takeaway
Homes in Texas Charter Township have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Texas Charter Township was $496,000 in October 2024, up 4.4% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249K | $200K | -19.7% |
| 2 Bedrooms | $255K | $282.5K | +10.8% |
| 3 Bedrooms | $350K | $370.5K | +5.9% |
| 4 Bedrooms | $451.5K | $499K | +10.5% |
| 5+ Bedrooms | $616.2K | $552.5K | -10.3% |
Summary: Texas Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.7%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Portage | $257.8K | $285K | +10.5% |
| Texas Charter Township | $475K | $496K | +4.4% |
| Kalamazoo | $219.5K | $227.3K | +3.5% |
| Oshtemo Charter Township | $324.9K | $335K | +3.1% |
Housing Supply in Texas Charter Township, MI
How many homes are available in Texas Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 77 | +2.7% |
Summary: The Texas Charter Township real estate market had 77 homes for sale in October 2024, a 2.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 39 | 40 | +2.6% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The Texas 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 decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Texas Charter Township, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Texas Charter Township in October 2024, up by 6.3% month-over-month. Of the 17 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% were sold over asking.
Days on Market for Texas Charter Township, MI
How long does it take to sell a home in Texas Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 61 Days | +124.8% |
Summary: Homes in Texas Charter Township had an average of 61 days on market in Oct 2024, up by 124.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Texas Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Texas Charter Township; 35% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
