$10,000 Closing Credit*
$1,500,000
2,635 SqFt
7 Beds
•4 Full Baths
Kelly Bronkema, Listing Office: Coldwell Banker Realty
Is Union 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, Union Township has remained a Seller's Market.
Key Takeaway
Union Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Union Township, MI
How much do homes in Union Township, MI cost?
Median Sold Price
$274,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$59,000(+27.4%)
Key Takeaway
Homes in Union Township have sold for 27.4% more than they did a year ago.
Summary: The median home sold price in Union Township was $274,000 in October 2024, up 27.4% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.9K | - | N/A |
| 2 Bedrooms | $185K | $149K | -19.5% |
| 3 Bedrooms | $216K | $265K | +22.7% |
| 4 Bedrooms | $225K | $470K | +108.9% |
| 5+ Bedrooms | $113K | $1.0M | +842.5% |
Summary: Union Township 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 19.5%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 108.9%, and 5+ bedroom homes increased by 842.5%.
Median Sold Price Compared To Nearby Cities
| Girard Township | $199K | $289.9K | +45.7% |
| Union City | $134.7K | $184K | +36.5% |
| Union Township | $215K | $274K | +27.4% |
| Burlington Township | $173K | $205.7K | +18.9% |
| Sherwood Township | $184.9K | $180K | -2.7% |
Housing Supply in Union Township, MI
How many homes are available in Union Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Summary: The Union Township real estate market had 18 homes for sale in October 2024, a 14.3% decrease 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 | 2 | 0.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Union 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 remained the same, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Union Township in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Union Township, MI
How long does it take to sell a home in Union Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 22 Days | -47.6% |
Summary: Homes in Union Township had an average of 22 days on market in Oct 2024, down by 47.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Union Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Union Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.