Is Argentine 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, Argentine Township has remained a Seller's Market.
Housing Prices in Argentine Township, MI
How much do homes in Argentine Township, MI cost?
Median Sold Price
$355,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Argentine Township was $355,000 in May 2024, up 6% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $58K | $170K | +193.1% |
2 Bedrooms | $255K | $240K | -5.9% |
3 Bedrooms | $342.4K | $329.5K | -3.8% |
4 Bedrooms | $358K | $370K | +3.4% |
5+ Bedrooms | $402.5K | $1.0M | +148.4% |
Summary: Argentine Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 193.1%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 148.4%.
Median Sold Price Compared To Nearby Cities
Deerfield Township | $287.1K | $320.1K | +11.5% |
Argentine Township | $335K | $355K | +6.0% |
Fenton Charter Township | $325K | $340.2K | +4.7% |
Gaines | $244.4K | $241.4K | -1.2% |
Gaines Township | $245K | $238K | -2.9% |
Housing Supply in Argentine Township, MI
How many homes are available in Argentine Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 37 | +23.3% |
Summary: The Argentine Township real estate market had 37 homes for sale in May 2024, a 23.3% increase 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 | 4 | 5 | +25.0% |
3 Bedrooms | 16 | 19 | +18.8% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Argentine 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 25%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Argentine Township in May 2024, up by 100.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Argentine Township, MI
How long does it take to sell a home in Argentine Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 10 Days | -72.5% |
Summary: Homes in Argentine Township had an average of 10 days on market in May 2024, down by 72.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Argentine Township; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.