Is Georgetown Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Georgetown Charter Township has remained a Seller's Market.
Housing Prices in Georgetown Charter Township, MI
How much do homes in Georgetown Charter Township, MI cost?
Median Sold Price
$361,466
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Georgetown Charter Township was $361,466 in April 2024, up 6.3% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265.4K | $207.5K | -21.8% |
2 Bedrooms | $249.4K | $255K | +2.2% |
3 Bedrooms | $320K | $343.5K | +7.3% |
4 Bedrooms | $375K | $409.2K | +9.1% |
5+ Bedrooms | $499.9K | $477.4K | -4.5% |
Summary: Georgetown Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.8%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 4.5%.
Median Sold Price Compared To Nearby Cities
Grandville | $304.3K | $341.5K | +12.2% |
Jenison | $315K | $348.5K | +10.7% |
Jamestown Charter Township | $415.4K | $452.5K | +8.9% |
Hudsonville | $369.9K | $400K | +8.1% |
Georgetown Charter Township | $339.9K | $361.4K | +6.3% |
Housing Supply in Georgetown Charter Township, MI
How many homes are available in Georgetown Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
129 | 127 | -1.6% |
Summary: The Georgetown Charter Township real estate market had 127 homes for sale in April 2024, a 1.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 26 | 25 | -3.8% |
3 Bedrooms | 41 | 39 | -4.9% |
4 Bedrooms | 46 | 44 | -4.3% |
5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Georgetown Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 52 | +23.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Georgetown Charter Township in April 2024, up by 23.8% month-over-month. Of the 52 sold homes, 33% were sold under asking, 19% were sold at asking, and 48% were sold over asking.
Days on Market for Georgetown Charter Township, MI
How long does it take to sell a home in Georgetown Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 27 Days | +43.8% |
Summary: Homes in Georgetown Charter Township had an average of 27 days on market in Apr 2024, up by 43.8% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 52 homes were sold in Georgetown Charter Township; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.