Is Covert Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Covert Township was a Neutral Market.
Housing Prices in Covert Township, MI
How much do homes in Covert Township, MI cost?
Median Sold Price
$385,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Covert Township was $385,000 in May 2024, up 69.6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $111K | - | N/A |
2 Bedrooms | $173.5K | $115.5K | -33.4% |
3 Bedrooms | $296.2K | $327.5K | +10.5% |
4 Bedrooms | $495K | $448.5K | -9.4% |
5+ Bedrooms | $107K | $1.3M | +1138.3% |
Summary: Covert 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 decreased by 33.4%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 1138.3%.
Median Sold Price Compared To Nearby Cities
Covert Township | $227K | $385K | +69.6% |
Bangor Township | $152.5K | $200K | +31.1% |
South Haven Charter Township | $379.9K | $400.4K | +5.4% |
Housing Supply in Covert Township, MI
How many homes are available in Covert Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Summary: The Covert Township real estate market had 13 homes for sale in May 2024, a 30.0% 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 | 1 | 3 | +200.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Covert 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 200%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Covert Township in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Covert Township, MI
How long does it take to sell a home in Covert Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 6 Days | -74.4% |
Summary: Homes in Covert Township had an average of 6 days on market in May 2024, down by 74.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Covert Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.