Is Denver Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Denver Township has remained a Seller's Market.
Housing Prices in Denver Township, MI
How much do homes in Denver Township, MI cost?
Median Sold Price
$254,000
$216/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Denver Township was $254,000 in May 2024, down 20% from last month, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $184.5K | N/A |
3 Bedrooms | $385K | $285K | -26.0% |
4 Bedrooms | $249.9K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Denver Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 26%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Denver Township, MI
How many homes are available in Denver Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Summary: The Denver Township real estate market had 10 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 | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Denver 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 decreased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Denver Township in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Denver Township, MI
How long does it take to sell a home in Denver Township, MI?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 Days | 37 Days | +30.3% |
Summary: Homes in Denver Township had an average of 37 days on market in May 2024, up by 30.3% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Denver Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.