Is Adrian 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, Adrian Township has remained a Seller's Market.
Housing Prices in Adrian Township, MI
How much do homes in Adrian Township, MI cost?
Median Sold Price
$185,900
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Adrian Township was $185,900 in May 2024, up 0.5% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $78.4K | $61.6K | -21.4% |
2 Bedrooms | $120.5K | $126.4K | +4.9% |
3 Bedrooms | $199.9K | $185K | -7.5% |
4 Bedrooms | $225.5K | $254.9K | +13.0% |
5+ Bedrooms | $260K | $207.5K | -20.2% |
Summary: Adrian Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.4%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 20.2%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $457.5K | $560K | +22.4% |
Raisin Township | $256K | $273K | +6.6% |
Adrian Township | $185K | $185.9K | 0.5% |
Adrian | $185.4K | $186.3K | 0.5% |
Housing Supply in Adrian Township, MI
How many homes are available in Adrian Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
124 | 145 | +16.9% |
Summary: The Adrian Township real estate market had 145 homes for sale in May 2024, a 16.9% 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 | 17 | 24 | +41.2% |
3 Bedrooms | 59 | 70 | +18.6% |
4 Bedrooms | 38 | 42 | +10.5% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Adrian 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 increased by 41.2%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 39 | +14.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Adrian Township in May 2024, up by 14.7% month-over-month. Of the 39 sold homes, 46% were sold under asking, 26% were sold at asking, and 28% were sold over asking.
Days on Market for Adrian Township, MI
How long does it take to sell a home in Adrian Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 53 Days | +13.8% |
Summary: Homes in Adrian Township had an average of 53 days on market in May 2024, up by 13.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 39 homes were sold in Adrian Township; 46% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.