$1,661 Closing Credit*
$139,900
980 SqFt
3 Beds
•2 Full Baths
Noelle Pelton, Michael J Pelton, Listing Office: Epique 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 November 2023
At the same time last year, Union Township was a Seller's Market.
Key Takeaway
Union Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Union Township, MI
How much do homes in Union Township, MI cost?
Median Sold Price
$274,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, up 27.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.9K | - | N/A |
| 2 Bedrooms | $185K | $149K | -19.5% |
| 3 Bedrooms | $216K | $269.5K | +24.8% |
| 4 Bedrooms | $320K | $316K | -1.3% |
| 5+ Bedrooms | $113K | $1.3M | +1121.2% |
Summary: Union Township housing prices by bedroom type for November 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 24.8%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 1121.2%.
Median Sold Price Compared To Nearby Cities
| Union Township | $215K | $274K | +27.4% |
| Union City | $150K | $165K | +10.0% |
| Sherwood Township | $199.9K | $160K | -20.0% |
Housing Supply in Union Township, MI
How many homes are available in Union Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Union Township real estate market had 18 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Union Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Union Township in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 30 Days | -64.0% |
Summary: Homes in Union Township had an average of 30 days on market in Nov 2024, down by 64% compared to last year.
Breakdown of Home Sale Times
2 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 November 2024, 3 homes were sold in Union Township; 67% of homes were sold within 30 days, 33% 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.