Is Greenbush Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Greenbush Township has remained a Seller's Market.
Housing Prices in Greenbush Township, MI
How much do homes in Greenbush Township, MI cost?
Median Sold Price
$225,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Greenbush Township was $225,000 in May 2024, down 10.9% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $66.5K | - | N/A |
2 Bedrooms | $289K | $125.4K | -56.6% |
3 Bedrooms | $279.9K | $289.9K | +3.6% |
4 Bedrooms | $222.2K | $318.5K | +43.3% |
5+ Bedrooms | $175K | $65K | -62.9% |
Summary: Greenbush Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 56.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 43.3%, and 5+ bedroom homes decreased by 62.9%.
Median Sold Price Compared To Nearby Cities
Bingham Township | $317K | $380K | +19.9% |
Washington Township | $430K | $424.8K | -1.2% |
Greenbush Township | $252.5K | $225K | -10.9% |
Housing Supply in Greenbush Township, MI
How many homes are available in Greenbush Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 10 | -28.6% |
Summary: The Greenbush Township real estate market had 10 homes for sale in May 2024, a 28.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 7 | 4 | -42.9% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Greenbush Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Greenbush Township in May 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Greenbush Township, MI
How long does it take to sell a home in Greenbush Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 32 Days | +307.5% |
Summary: Homes in Greenbush Township had an average of 32 days on market in May 2024, up by 307.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Greenbush Township; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.