Is Acme 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, Acme Township has remained a Buyer's Market.
Housing Prices in Acme Township, MI
How much do homes in Acme Township, MI cost?
Median Sold Price
$458,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Acme Township was $458,000 in May 2024, up 10.4% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $229.9K | $320K | +39.2% |
3 Bedrooms | $546.2K | $468.5K | -14.2% |
4 Bedrooms | $499.9K | $487.5K | -2.5% |
5+ Bedrooms | $531K | $725K | +36.5% |
Summary: Acme 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 39.2%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 36.5%.
Median Sold Price Compared To Nearby Cities
Elk Rapids Township | $397K | $459K | +15.6% |
Acme Township | $415K | $458K | +10.4% |
Williamsburg | $589K | $492.2K | -16.4% |
Housing Supply in Acme Township, MI
How many homes are available in Acme Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 35 | +75.0% |
Summary: The Acme Township real estate market had 35 homes for sale in May 2024, a 75.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 6 | 11 | +83.3% |
5+ Bedrooms | 2 | 7 | +250.0% |
Summary: The Acme Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes increased by 250%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Acme Township in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Acme Township, MI
How long does it take to sell a home in Acme Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 107 Days | +269.8% |
Summary: Homes in Acme Township had an average of 107 days on market in May 2024, up by 269.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Acme Township; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.