$2,672 Closing Credit*
$225,000
1,056 SqFt
2 Beds
•2 Full Baths, 1 Partial
Chris Benedict, Listing Office: @properties Christie's Int'l RE Northville
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 October 2023
Since last year, Van Buren Charter Township has remained a Seller's Market.
Key Takeaway
Van Buren Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Van Buren Charter Township, MI
How much do homes in Van Buren Charter Township, MI cost?
Median Sold Price
$278,777
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$21,222(-7.1%)
Key Takeaway
Homes in Van Buren Charter Township have sold for 7.1% less than they did a year ago.
Summary: The median home sold price in Van Buren Charter Township was $278,777 in October 2024, down 7.1% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $410K | N/A |
| 2 Bedrooms | $156K | $220.5K | +41.3% |
| 3 Bedrooms | $285K | $279.5K | -1.9% |
| 4 Bedrooms | $371.5K | $396K | +6.6% |
| 5+ Bedrooms | $355K | $415K | +16.9% |
Summary: Van Buren Charter 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 increased by 41.3%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Romulus | $177K | $205K | +15.8% |
| Sumpter Township | $275K | $295K | +7.3% |
| Canton Charter Township | $369.9K | $380.6K | +2.9% |
| Belleville | $275K | $264K | -4.0% |
| Van Buren Charter Township | $300K | $278.7K | -7.1% |
Housing Supply in Van Buren Charter Township, MI
How many homes are available in Van Buren Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 92 | +16.5% |
Summary: The Van Buren Charter Township real estate market had 92 homes for sale in October 2024, a 16.5% increase 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 | 14 | 16 | +14.3% |
| 3 Bedrooms | 29 | 38 | +31.0% |
| 4 Bedrooms | 33 | 35 | +6.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Van Buren Charter 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 increased by 14.3%, 3 bedroom homes increased by 31%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 16 | -27.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 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. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Van Buren Charter Township in October 2024, down by 27.3% month-over-month. Of the 16 sold homes, 44% were sold under asking, 19% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 25 Days | +40.3% |
Summary: Homes in Van Buren Charter Township had an average of 25 days on market in Oct 2024, up by 40.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 16 homes were sold in Van Buren Charter 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.
