Is Saint Joseph 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, Saint Joseph Charter Township has remained a Seller's Market.
Key Takeaway
Saint Joseph Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Joseph Charter Township, MI
How much do homes in Saint Joseph Charter Township, MI cost?
Median Sold Price
$287,450
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Saint Joseph Charter Township have sold for 18.3% more than they did a year ago.
Summary: The median home sold price in Saint Joseph Charter Township was $287,450 in May 2024, up 18.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | - | N/A |
| 2 Bedrooms | $180K | $222.5K | +23.6% |
| 3 Bedrooms | $237.5K | $265K | +11.6% |
| 4 Bedrooms | $299.9K | $370K | +23.4% |
| 5+ Bedrooms | $530K | $479.9K | -9.4% |
Summary: Saint Joseph 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 increased by 23.6%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes decreased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Benton Harbor | $144.8K | $185K | +27.7% |
| Benton Charter Township | $138.9K | $167K | +20.2% |
| Saint Joseph Charter Township | $243K | $287.4K | +18.3% |
| Saint Joseph | $288K | $290K | +0.7% |
| Shoreham | $328K | $320K | -2.4% |
Housing Supply in Saint Joseph Charter Township, MI
How many homes are available in Saint Joseph Charter Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 38 | +5.6% |
Summary: The Saint Joseph Charter Township real estate market had 38 homes for sale in May 2024, a 5.6% 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 | 8 | 8 | 0.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Saint Joseph 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 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Joseph Charter Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Saint Joseph Charter Township in May 2024, down by 7.7% month-over-month. Of the 12 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Saint Joseph Charter Township, MI
How long does it take to sell a home in Saint Joseph Charter Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 26 Days | -17.7% |
Summary: Homes in Saint Joseph Charter Township had an average of 26 days on market in May 2024, down by 17.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Saint Joseph Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Saint Joseph Charter Township; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.