Is Comstock 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, Comstock Charter Township has remained a Seller's Market.
Key Takeaway
Comstock Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Comstock Charter Township, MI
How much do homes in Comstock Charter Township, MI cost?
Median Sold Price
$265,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Comstock Charter Township have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Comstock Charter Township was $265,000 in May 2024, up 8.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $122.5K | N/A |
| 2 Bedrooms | $122K | $141K | +15.6% |
| 3 Bedrooms | $230K | $250K | +8.7% |
| 4 Bedrooms | $280K | $299.9K | +7.1% |
| 5+ Bedrooms | $369K | $366K | -0.8% |
Summary: Comstock Charter 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 15.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Comstock Charter Township | $244.6K | $265K | +8.3% |
| Kalamazoo Charter Township | $207.7K | $224.7K | +8.2% |
| Richland Township | $353.4K | $352.5K | -0.3% |
| Galesburg | $280K | $271.5K | -3.0% |
Housing Supply in Comstock Charter Township, MI
How many homes are available in Comstock Charter Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 44 | -6.4% |
Summary: The Comstock Charter Township real estate market had 44 homes for sale in May 2024, a 6.4% 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 | 7 | 8 | +14.3% |
| 3 Bedrooms | 23 | 16 | -30.4% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Comstock 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 increased by 14.3%, 3 bedroom homes decreased by 30.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Comstock Charter Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Comstock Charter Township in May 2024, up by 15.4% month-over-month. Of the 15 sold homes, 67% were sold under asking, 7% were sold at asking, and 27% were sold over asking.
Days on Market for Comstock Charter Township, MI
How long does it take to sell a home in Comstock Charter Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 80 Days | 47 Days | -41.6% |
Summary: Homes in Comstock Charter Township had an average of 47 days on market in May 2024, down by 41.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Comstock Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Comstock Charter Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
