Is Boston 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, Boston Township has remained a Seller's Market.
Housing Prices in Boston Township, MI
How much do homes in Boston Township, MI cost?
Median Sold Price
$305,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Boston Township was $305,000 in May 2024, up 10.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $310K | $349.9K | +12.9% |
2 Bedrooms | $190K | $171K | -10.0% |
3 Bedrooms | $275K | $306.5K | +11.5% |
4 Bedrooms | $306.5K | $327.5K | +6.9% |
5+ Bedrooms | $425K | $310K | -27.1% |
Summary: Boston Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.9%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 27.1%.
Median Sold Price Compared To Nearby Cities
Boston Township | $275K | $305K | +10.9% |
Easton Township | $223K | $217.5K | -2.5% |
Saranac | $275K | $259.9K | -5.5% |
Berlin Township | $270K | $253K | -6.3% |
Housing Supply in Boston Township, MI
How many homes are available in Boston Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 15 | +7.1% |
Summary: The Boston Township real estate market had 15 homes for sale in May 2024, a 7.1% 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 | 0 | 2 | +100.0% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Boston 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 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Boston Township in May 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Boston Township, MI
How long does it take to sell a home in Boston Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 9 Days | -18.2% |
Summary: Homes in Boston Township had an average of 9 days on market in May 2024, down by 18.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Boston Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.