Is Caledonia Charter 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, Caledonia Charter Township has remained a Seller's Market.
Housing Prices in Caledonia Charter Township, MI
How much do homes in Caledonia Charter Township, MI cost?
Median Sold Price
$371,125
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Caledonia Charter Township was $371,125 in May 2024, up 4.5% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $337K | $220K | -34.7% |
2 Bedrooms | $257.5K | $297.4K | +15.5% |
3 Bedrooms | $321K | $349.9K | +9.0% |
4 Bedrooms | $435K | $417.5K | -4.0% |
5+ Bedrooms | $535K | $503.7K | -5.8% |
Summary: Caledonia Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.7%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
Corunna | $154K | $185K | +20.1% |
Owosso | $138.9K | $159.5K | +14.8% |
New Haven Township | $262.5K | $275K | +4.8% |
Caledonia Charter Township | $355K | $371.1K | +4.5% |
Venice Township | $177.4K | $182K | +2.6% |
Housing Supply in Caledonia Charter Township, MI
How many homes are available in Caledonia Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
85 | 97 | +14.1% |
Summary: The Caledonia Charter Township real estate market had 97 homes for sale in May 2024, a 14.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 38 | 36 | -5.3% |
4 Bedrooms | 20 | 24 | +20.0% |
5+ Bedrooms | 9 | 18 | +100.0% |
Summary: The Caledonia Charter 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 increased by 6.7%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 23 | -36.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Caledonia Charter Township in May 2024, down by 36.1% month-over-month. Of the 23 sold homes, 26% were sold under asking, 30% were sold at asking, and 43% were sold over asking.
Days on Market for Caledonia Charter Township, MI
How long does it take to sell a home in Caledonia Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 32 Days | +116.7% |
Summary: Homes in Caledonia Charter Township had an average of 32 days on market in May 2024, up by 116.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Caledonia Charter Township; 70% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.