$5,078 Closing Credit*
$427,595
2,149 SqFt
3 Beds
•2 Full Baths, 1 Partial
Scott Fader, Listing Office: M/I Homes of Michigan, LLC
Is Van Buren Charter 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, Van Buren Charter Township was a Seller's Market.
Key Takeaway
Van Buren Charter Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Van Buren Charter Township, MI
How much do homes in Van Buren Charter Township, MI cost?
Median Sold Price
$278,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$22,000(-7.3%)
Key Takeaway
Homes in Van Buren Charter Township have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Van Buren Charter Township was $278,000 in November 2024, down 7.3% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | - | N/A |
| 2 Bedrooms | $155.5K | $220K | +41.5% |
| 3 Bedrooms | $287.5K | $275K | -4.3% |
| 4 Bedrooms | $370K | $398K | +7.6% |
| 5+ Bedrooms | $380K | $397K | +4.5% |
Summary: Van Buren Charter 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 increased by 41.5%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Romulus | $180K | $200.6K | +11.5% |
| Sumpter Township | $261.5K | $279.9K | +7.0% |
| Canton Charter Township | $365.4K | $384.9K | +5.4% |
| Belleville | $263K | $260K | -1.1% |
| Van Buren Charter Township | $300K | $278K | -7.3% |
Housing Supply in Van Buren Charter Township, MI
How many homes are available in Van Buren Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 90 | 79 | -12.2% |
Summary: The Van Buren Charter Township real estate market had 79 homes for sale in November 2024, a 12.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 36 | 29 | -19.4% |
| 4 Bedrooms | 36 | 36 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Van Buren Charter 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 decreased by 20%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 11 | -50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Van Buren Charter Township, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Van Buren Charter Township in November 2024, down by 50.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 45% were sold at asking, and 0% were sold over asking.
Days on Market for Van Buren Charter Township, MI
How long does it take to sell a home in Van Buren Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 110 Days | +441.1% |
Summary: Homes in Van Buren Charter Township had an average of 110 days on market in Nov 2024, up by 441.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Van Buren Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Van Buren Charter Township; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.