$5,699 Closing Credit*
$479,900
3,230 SqFt
3 Beds
•2 Full Baths, 2 Partial
Michelle Maidens, Listing Office: REO-Cadillac-233028
Is Cherry Grove Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Cherry Grove Township has remained a Seller's Market.
Key Takeaway
Cherry Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cherry Grove Township, MI
How much do homes in Cherry Grove Township, MI cost?
Median Sold Price
$306,650
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$16,750(+5.8%)
Key Takeaway
Homes in Cherry Grove Township have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Cherry Grove Township was $306,650 in August 2024, up 5.8% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | - | $179.9K | N/A |
| 3 Bedrooms | $264.9K | $365K | +37.8% |
| 4 Bedrooms | $318.5K | $357.5K | +12.2% |
| 5+ Bedrooms | - | $318.3K | N/A |
Summary: Cherry Grove Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 37.8%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cadillac | $180K | $216.5K | +20.3% |
| Haring Charter Township | $217.3K | $231K | +6.3% |
| Cherry Grove Township | $289.9K | $306.6K | +5.8% |
Housing Supply in Cherry Grove Township, MI
How many homes are available in Cherry Grove Township, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Summary: The Cherry Grove Township real estate market had 19 homes for sale in August 2024, a 18.8% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 9 | +80.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cherry Grove Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cherry Grove Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Cherry Grove Township in August 2024, up by 500.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Cherry Grove Township, MI
How long does it take to sell a home in Cherry Grove Township, MI?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 82 Days | 77 Days | -5.7% |
Summary: Homes in Cherry Grove Township had an average of 77 days on market in Aug 2024, down by 5.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cherry Grove Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During August 2024, 6 homes were sold in Cherry Grove Township; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
