$7,469 Closing Credit*
$629,000
2,265 SqFt
3 Beds
•2 Full Baths, 1 Partial
Marjo Uldedaj, Listing Office: Century 21 Town & Country Roch
Is Shelby Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Shelby Charter Township has remained a Seller's Market.
Key Takeaway
Shelby Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shelby Charter Township, MI
How much do homes in Shelby Charter Township, MI cost?
Median Sold Price
$350,018
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$14,164(+4.2%)
Key Takeaway
Homes in Shelby Charter Township have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Shelby Charter Township was $350,018 in August 2024, up 4.2% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152K | $125K | -17.8% |
| 2 Bedrooms | $235K | $245K | +4.3% |
| 3 Bedrooms | $324K | $340K | +4.9% |
| 4 Bedrooms | $530K | $522.5K | -1.4% |
| 5+ Bedrooms | $596.5K | $630K | +5.6% |
Summary: Shelby Charter Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Utica | $398.7K | $504.5K | +26.5% |
| Sterling Heights | $280K | $300.9K | +7.5% |
| Shelby Charter Township | $335.8K | $350K | +4.2% |
| Macomb Township | $418.9K | $434K | +3.6% |
| Macomb | $418.9K | $434K | +3.6% |
Housing Supply in Shelby Charter Township, MI
How many homes are available in Shelby Charter Township, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 265 | 270 | +1.9% |
Summary: The Shelby Charter Township real estate market had 270 homes for sale in August 2024, a 1.9% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 68 | 79 | +16.2% |
| 3 Bedrooms | 96 | 89 | -7.3% |
| 4 Bedrooms | 91 | 93 | +2.2% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Shelby Charter Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.2%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 91 | 69 | -24.2% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shelby Charter Township, you may be able to get a good deal. 49.3% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Shelby Charter Township in August 2024, down by 24.2% month-over-month. Of the 69 sold homes, 49% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Shelby Charter Township, MI
How long does it take to sell a home in Shelby Charter Township, MI?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 51 Days | 22 Days | -56.6% |
Summary: Homes in Shelby Charter Township had an average of 22 days on market in Aug 2024, down by 56.6% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Shelby Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 69 homes were sold in Shelby Charter Township; 71% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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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.