Is Allendale 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, Allendale Charter Township has remained a Seller's Market.
Housing Prices in Allendale Charter Township, MI
How much do homes in Allendale Charter Township, MI cost?
Median Sold Price
$385,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Allendale Charter Township was $385,000 in May 2024, up 6.9% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $320K | -1.5% |
2 Bedrooms | $346.5K | $299.9K | -13.4% |
3 Bedrooms | $352.9K | $380K | +7.7% |
4 Bedrooms | $365K | $376.6K | +3.2% |
5+ Bedrooms | $430.7K | $481.2K | +11.7% |
Summary: Allendale Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes decreased by 13.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Cities
Tallmadge Charter Township | $360K | $412.5K | +14.6% |
Allendale Charter Township | $360K | $385K | +6.9% |
Allendale | $360K | $384K | +6.7% |
Marne | $355K | $311.7K | -12.2% |
Housing Supply in Allendale Charter Township, MI
How many homes are available in Allendale Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
76 | 72 | -5.3% |
Summary: The Allendale Charter Township real estate market had 72 homes for sale in May 2024, a 5.3% decrease 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 | 4 | 3 | -25.0% |
3 Bedrooms | 29 | 25 | -13.8% |
4 Bedrooms | 30 | 28 | -6.7% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Allendale 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 decreased by 25%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 19 | -29.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Allendale Charter Township in May 2024, down by 29.6% month-over-month. Of the 19 sold homes, 26% were sold under asking, 26% were sold at asking, and 47% were sold over asking.
Days on Market for Allendale Charter Township, MI
How long does it take to sell a home in Allendale Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 34 Days | +39.9% |
Summary: Homes in Allendale Charter Township had an average of 34 days on market in May 2024, up by 39.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Allendale Charter Township; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.