Is Tittabawassee Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Tittabawassee Township has remained a Seller's Market.
Housing Prices in Tittabawassee Township, MI
How much do homes in Tittabawassee Township, MI cost?
Median Sold Price
$295,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tittabawassee Township was $295,000 in May 2024, down 3.6% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | $160K | -17.9% |
3 Bedrooms | $271K | $277K | +2.2% |
4 Bedrooms | $363.5K | $307.5K | -15.4% |
5+ Bedrooms | $319.9K | $360K | +12.5% |
Summary: Tittabawassee Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
Kochville Township | $185K | $200K | +8.1% |
Thomas Township | $193.5K | $204.5K | +5.7% |
Tittabawassee Township | $306K | $295K | -3.6% |
Freeland | $300K | $276.5K | -7.8% |
Housing Supply in Tittabawassee Township, MI
How many homes are available in Tittabawassee Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 25 | +56.3% |
Summary: The Tittabawassee Township real estate market had 25 homes for sale in May 2024, a 56.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 12 | 16 | +33.3% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Tittabawassee Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Tittabawassee Township in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Tittabawassee Township, MI
How long does it take to sell a home in Tittabawassee Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
82 Days | 127 Days | +55.6% |
Summary: Homes in Tittabawassee Township had an average of 127 days on market in May 2024, up by 55.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Tittabawassee Township; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.