Is Superior 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, Superior Charter Township has remained a Seller's Market.
Housing Prices in Superior Charter Township, MI
How much do homes in Superior Charter Township, MI cost?
Median Sold Price
$363,475
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Superior Charter Township was $363,475 in May 2024, up 12.5% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $185K | N/A |
2 Bedrooms | $198K | $224K | +13.1% |
3 Bedrooms | $312.5K | $332.5K | +6.4% |
4 Bedrooms | $335.7K | $445K | +32.5% |
5+ Bedrooms | $899K | $925K | +2.9% |
Summary: Superior 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 13.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 32.5%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
Superior Charter Township | $323K | $363.4K | +12.5% |
Ann Arbor Charter Township | $456.6K | $490K | +7.3% |
Canton Charter Township | $350K | $374.9K | +7.1% |
Canton | $350K | $374.9K | +7.1% |
Ypsilanti Charter Township | $269.9K | $275K | +1.9% |
Housing Supply in Superior Charter Township, MI
How many homes are available in Superior Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 39 | +8.3% |
Summary: The Superior Charter Township real estate market had 39 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Superior Charter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Superior Charter Township in May 2024, down by 7.7% month-over-month. Of the 12 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% were sold over asking.
Days on Market for Superior Charter Township, MI
How long does it take to sell a home in Superior Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 16 Days | -51.0% |
Summary: Homes in Superior Charter Township had an average of 16 days on market in May 2024, down by 51% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Superior Charter Township; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.