Is Union Charter 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, Union Charter Township has remained a Buyer's Market.
Key Takeaway
Union Charter Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Union Charter Township, MI
How much do homes in Union Charter Township, MI cost?
Median Sold Price
$227,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Union Charter Township have sold for 27.9% less than they did a year ago.
Summary: The median home sold price in Union Charter Township was $227,000 in May 2024, down 27.9% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | - | N/A |
| 2 Bedrooms | $171.5K | $154.9K | -9.7% |
| 3 Bedrooms | $327.5K | $215K | -34.4% |
| 4 Bedrooms | $275K | $367.3K | +33.6% |
| 5+ Bedrooms | $1.3M | $356K | -73.6% |
Summary: Union Charter 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 9.7%, 3 bedroom homes decreased by 34.4%, 4 bedroom homes increased by 33.6%, and 5+ bedroom homes decreased by 73.6%.
Median Sold Price Compared To Nearby Cities
| Lincoln Township | $141K | $195K | +38.3% |
| Mount Pleasant | $175K | $183K | +4.6% |
| Union Charter Township | $315K | $227K | -27.9% |
Housing Supply in Union Charter Township, MI
How many homes are available in Union Charter Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 43 | +22.9% |
Summary: The Union Charter Township real estate market had 43 homes for sale in May 2024, a 22.9% 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 | 5 | 8 | +60.0% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Union Charter 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 60%, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union Charter Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Union Charter Township in May 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Union Charter Township, MI
How long does it take to sell a home in Union Charter Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 55 Days | +93.7% |
Summary: Homes in Union Charter Township had an average of 55 days on market in May 2024, up by 93.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Union Charter Township has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Union Charter Township; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
