Is Amber 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, Amber Township has remained a Seller's Market.
Housing Prices in Amber Township, MI
How much do homes in Amber Township, MI cost?
Median Sold Price
$307,500
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Amber Township was $307,500 in May 2024, up 5.9% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $130K | $262.5K | +101.9% |
3 Bedrooms | $290.5K | $295K | +1.5% |
4 Bedrooms | $315K | $277.5K | -11.9% |
5+ Bedrooms | $229.9K | $670K | +191.4% |
Summary: Amber 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 101.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 191.4%.
Median Sold Price Compared To Nearby Cities
Custer Township | $198.5K | $272.5K | +37.3% |
Pere Marquette Charter Township | $252.5K | $339.5K | +34.5% |
Scottville | $141K | $185.3K | +31.4% |
Amber Township | $290.5K | $307.5K | +5.9% |
Housing Supply in Amber Township, MI
How many homes are available in Amber Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Summary: The Amber Township real estate market had 6 homes for sale in May 2024, a 25.0% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Amber 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 decreased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Amber Township in May 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Amber Township, MI
How long does it take to sell a home in Amber Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 58 Days | +76.8% |
Summary: Homes in Amber Township had an average of 58 days on market in May 2024, up by 76.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Amber Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.