Is Perry 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, Perry Township has remained a Seller's Market.
Housing Prices in Perry Township, MI
How much do homes in Perry Township, MI cost?
Median Sold Price
$260,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Perry Township was $260,000 in May 2024, up 26.5% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $132.3K | $139.4K | +5.4% |
3 Bedrooms | $202.5K | $217K | +7.2% |
4 Bedrooms | $248K | $296K | +19.4% |
5+ Bedrooms | $690K | $510K | -26.1% |
Summary: Perry 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 5.4%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 26.1%.
Median Sold Price Compared To Nearby Cities
Bennington Township | $221K | $354.9K | +60.6% |
Perry | $198.7K | $265K | +33.3% |
Perry Township | $205.5K | $260K | +26.5% |
Antrim Township | $217.4K | $259.9K | +19.5% |
Housing Supply in Perry Township, MI
How many homes are available in Perry Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 28 | +3.7% |
Summary: The Perry Township real estate market had 28 homes for sale in May 2024, a 3.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 16 | 18 | +12.5% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Perry 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 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Perry Township in May 2024, the same as the previous month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Perry Township, MI
How long does it take to sell a home in Perry Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 14 Days | +45.5% |
Summary: Homes in Perry Township had an average of 14 days on market in May 2024, up by 45.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Perry Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.