$3,443 Closing Credit*
$289,900
1,984 SqFt
3 Beds
•2 Full Baths
Demetrius Traylor, Listing Office: Real Estate One
Is Ypsilanti 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, Ypsilanti Charter Township has remained a Seller's Market.
Key Takeaway
Ypsilanti Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ypsilanti Charter Township, MI
How much do homes in Ypsilanti Charter Township, MI cost?
Median Sold Price
$280,177
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,454(+3.5%)
Key Takeaway
Homes in Ypsilanti Charter Township have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Ypsilanti Charter Township was $280,177 in October 2024, up 3.5% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.2K | $143K | +27.4% |
| 2 Bedrooms | $196.5K | $200K | +1.8% |
| 3 Bedrooms | $259.5K | $283K | +9.1% |
| 4 Bedrooms | $370K | $375K | +1.4% |
| 5+ Bedrooms | $383.3K | $421.5K | +10.0% |
Summary: Ypsilanti Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.4%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
| Ypsilanti | $270.3K | $280.1K | +3.6% |
| Ypsilanti Charter Township | $270.7K | $280.1K | +3.5% |
| Superior Charter Township | $362K | $367.2K | +1.5% |
| Augusta Charter Township | $338.5K | $332.5K | -1.8% |
| Van Buren Charter Township | $300K | $278.7K | -7.1% |
Housing Supply in Ypsilanti Charter Township, MI
How many homes are available in Ypsilanti Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 215 | 245 | +14.0% |
Summary: The Ypsilanti Charter Township real estate market had 245 homes for sale in October 2024, a 14.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 35 | 40 | +14.3% |
| 3 Bedrooms | 110 | 122 | +10.9% |
| 4 Bedrooms | 51 | 60 | +17.6% |
| 5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The Ypsilanti 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 10.9%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 62 | +24.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ypsilanti Charter Township, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Ypsilanti Charter Township in October 2024, up by 24.0% month-over-month. Of the 62 sold homes, 44% were sold under asking, 19% were sold at asking, and 37% were sold over asking.
Days on Market for Ypsilanti Charter Township, MI
How long does it take to sell a home in Ypsilanti Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 22 Days | -40.2% |
Summary: Homes in Ypsilanti Charter Township had an average of 22 days on market in Oct 2024, down by 40.2% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ypsilanti Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 62 homes were sold in Ypsilanti Charter Township; 73% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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