Is Delhi 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, Delhi Charter Township has remained a Seller's Market.
Housing Prices in Delhi Charter Township, MI
How much do homes in Delhi Charter Township, MI cost?
Median Sold Price
$280,500
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Delhi Charter Township was $280,500 in May 2024, up 13.5% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $83K | - | N/A |
2 Bedrooms | $164K | $140K | -14.6% |
3 Bedrooms | $243.8K | $267.9K | +9.8% |
4 Bedrooms | $303K | $335.7K | +10.8% |
5+ Bedrooms | $337K | $372K | +10.4% |
Summary: Delhi 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 decreased by 14.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Cities
Delhi Charter Township | $247.1K | $280.5K | +13.5% |
Holt | $240K | $272K | +13.3% |
Lansing Charter Township | $137.5K | $149.1K | +8.4% |
Lansing | $139.4K | $149.9K | +7.5% |
Alaiedon Township | $260K | $275.5K | +6.0% |
Housing Supply in Delhi Charter Township, MI
How many homes are available in Delhi Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 | 64 | +4.9% |
Summary: The Delhi Charter Township real estate market had 64 homes for sale in May 2024, a 4.9% 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 | 4 | 0.0% |
3 Bedrooms | 30 | 30 | 0.0% |
4 Bedrooms | 23 | 23 | 0.0% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Delhi 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 17 | -26.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Delhi Charter Township in May 2024, down by 26.1% month-over-month. Of the 17 sold homes, 24% were sold under asking, 6% were sold at asking, and 71% were sold over asking.
Days on Market for Delhi Charter Township, MI
How long does it take to sell a home in Delhi Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 25 Days | +10.2% |
Summary: Homes in Delhi Charter Township had an average of 25 days on market in May 2024, up by 10.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Delhi Charter Township; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.