$2,363 Closing Credit*
$199,000
1,500 SqFt
3 Beds
•1 Full Bath
Mary Knoll, Listing Office: Berkshire Hathaway HomeServices
Is Thomas 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, Thomas Township has remained a Seller's Market.
Key Takeaway
Thomas Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thomas Township, MI
How much do homes in Thomas Township, MI cost?
Median Sold Price
$224,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,000(+17.9%)
Key Takeaway
Homes in Thomas Township have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in Thomas Township was $224,000 in November 2024, up 17.9% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124.8K | $263.7K | +111.2% |
| 2 Bedrooms | $140K | $140K | 0.0% |
| 3 Bedrooms | $190K | $220K | +15.8% |
| 4 Bedrooms | $227K | $280K | +23.3% |
| 5+ Bedrooms | $342.6K | $424.9K | +24.0% |
Summary: Thomas Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 111.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 24%.
Median Sold Price Compared To Nearby Cities
| Hemlock | $178.5K | $248.5K | +39.2% |
| James Township | $153.9K | $184.7K | +20.0% |
| Thomas Township | $190K | $224K | +17.9% |
| Saginaw Charter Township | $127.8K | $143.9K | +12.6% |
| Freeland | $285K | $315K | +10.5% |
Housing Supply in Thomas Township, MI
How many homes are available in Thomas Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 41 | -29.3% |
Summary: The Thomas Township real estate market had 41 homes for sale in November 2024, a 29.3% 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 | 9 | 9 | 0.0% |
| 3 Bedrooms | 33 | 21 | -36.4% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Thomas Township 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 remained the same, 3 bedroom homes decreased by 36.4%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thomas Township, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Thomas Township in November 2024, down by 31.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 0% were sold at asking, and 36% were sold over asking.
Days on Market for Thomas Township, MI
How long does it take to sell a home in Thomas Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 61 Days | +174.8% |
Summary: Homes in Thomas Township had an average of 61 days on market in Nov 2024, up by 174.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Thomas Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Thomas Township; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.