Is Carleton, 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, Carleton has remained a Seller's Market.
Housing Prices in Carleton, MI
How much do homes in Carleton, MI cost?
Median Sold Price
$289,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Carleton was $289,000 in May 2024, up 7% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $135K | N/A |
2 Bedrooms | $172.5K | $180K | +4.3% |
3 Bedrooms | $260K | $279.9K | +7.7% |
4 Bedrooms | $300K | $345K | +15.0% |
5+ Bedrooms | $342.5K | $426K | +24.4% |
Summary: Carleton 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 4.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 24.4%.
Median Sold Price Compared To Nearby Cities
Ash Township | $260K | $290K | +11.5% |
Carleton | $270K | $289K | +7.0% |
Housing Supply in Carleton, MI
How many homes are available in Carleton, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Summary: The Carleton real estate market had 21 homes for sale in May 2024, a 5.0% 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 | 2 | 1 | -50.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Carleton 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 decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Carleton in May 2024, up by 28.6% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Carleton, MI
How long does it take to sell a home in Carleton, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 16 Days | -39.2% |
Summary: Homes in Carleton had an average of 16 days on market in May 2024, down by 39.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Carleton; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.