Is Emmett 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, Emmett Charter Township has remained a Seller's Market.
Housing Prices in Emmett Charter Township, MI
How much do homes in Emmett Charter Township, MI cost?
Median Sold Price
$230,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Emmett Charter Township was $230,000 in May 2024, up 12.2% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $58K | $94K | +62.1% |
2 Bedrooms | $108K | $138K | +27.8% |
3 Bedrooms | $215K | $235K | +9.3% |
4 Bedrooms | $265K | $280K | +5.7% |
5+ Bedrooms | $275K | $349.9K | +27.3% |
Summary: Emmett Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.1%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 27.3%.
Median Sold Price Compared To Nearby Cities
Emmett Charter Township | $205K | $230K | +12.2% |
Battle Creek | $159.9K | $175.1K | +9.5% |
Pennfield Charter Township | $190K | $203K | +6.8% |
Housing Supply in Emmett Charter Township, MI
How many homes are available in Emmett Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 53 | +39.5% |
Summary: The Emmett Charter Township real estate market had 53 homes for sale in May 2024, a 39.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 13 | 25 | +92.3% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Emmett Charter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 92.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Emmett Charter Township in May 2024, up by 44.4% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.
Days on Market for Emmett Charter Township, MI
How long does it take to sell a home in Emmett Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 38 Days | +226.3% |
Summary: Homes in Emmett Charter Township had an average of 38 days on market in May 2024, up by 226.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Emmett Charter Township; 46% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.