Is Burlington 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, Burlington Township has remained a Seller's Market.
Housing Prices in Burlington Township, MI
How much do homes in Burlington Township, MI cost?
Median Sold Price
$242,450
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Burlington Township was $242,450 in May 2024, up 31.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $29K | -74.8% |
2 Bedrooms | $316.7K | $140.5K | -55.6% |
3 Bedrooms | $174.9K | $285K | +63.0% |
4 Bedrooms | $185K | $290K | +56.8% |
5+ Bedrooms | $244.9K | $288K | +17.6% |
Summary: Burlington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 74.8%, 2 bedroom homes decreased by 55.6%, 3 bedroom homes increased by 63%, 4 bedroom homes increased by 56.8%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
Burlington Township | $185K | $242.4K | +31.1% |
North Branch Township | $220K | $269.5K | +22.5% |
Housing Supply in Burlington Township, MI
How many homes are available in Burlington Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Summary: The Burlington Township real estate market had 9 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Burlington 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 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Burlington Township in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Burlington Township, MI
How long does it take to sell a home in Burlington Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 40 Days | -14.7% |
Summary: Homes in Burlington Township had an average of 40 days on market in May 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Burlington Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.