Is Alaiedon 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, Alaiedon Township has remained a Seller's Market.
Housing Prices in Alaiedon Township, MI
How much do homes in Alaiedon Township, MI cost?
Median Sold Price
$275,500
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Alaiedon Township was $275,500 in May 2024, up 6% 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 | $68K | - | N/A |
2 Bedrooms | $179K | $216.3K | +20.9% |
3 Bedrooms | $225K | $260K | +15.6% |
4 Bedrooms | $322K | $301.4K | -6.4% |
5+ Bedrooms | $320K | $322K | +0.6% |
Summary: Alaiedon 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 increased by 20.9%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
Mason | $225K | $260K | +15.6% |
Holt | $240K | $272K | +13.3% |
Meridian Charter Township | $284.9K | $315.1K | +10.6% |
Okemos | $344.2K | $373.7K | +8.6% |
Alaiedon Township | $260K | $275.5K | +6.0% |
Housing Supply in Alaiedon Township, MI
How many homes are available in Alaiedon Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Summary: The Alaiedon Township real estate market had 9 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Alaiedon 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Alaiedon Township in May 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Alaiedon Township, MI
How long does it take to sell a home in Alaiedon Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
279 Days | 52 Days | -81.4% |
Summary: Homes in Alaiedon Township had an average of 52 days on market in May 2024, down by 81.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Alaiedon Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.